Terrell Owens Sues Lawyer After $2 Million Loss

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By Christine Thomasos , Christian Post Reporter
November 3, 2011|11:23 am

After remaining in headlines for an alleged suicide attempt, failing to get picked up by a team and financial issues, Terrell Owens is suing lawyers after a $2 million investment went awry.

Owens, a free agent NFL wide receiver, is suing the well-known Greenberg Traurig law firm for advising him to invest $2 million in an illegal Alabama gambling facility.

The wideout is suing for damages stemming from professional negligence and issues with accounting, Courthouse News Service reported. Owens’ complaint is against Pamela Linden, his legal representation for business and real estate deals.

However, the Court News Service reported that a portion of the money invested by Owens was used to pay other investors, including other NFL players. He maintained that Linden failed to adequately communicate with him, instead speaking with his investment advisors, Pro Sports Financial.

In his complaint to the court, Owens spoke about being introduced to an "investment opportunity involving a real estate, resort, entertainment, dining and gaming project in Alabama, known as 'The Country Crossing Casino' (the 'entertainment project')," according to Court News Service.

The official court complaint stated that Owens was initially interested in the opportunity after being told about how he would benefit.

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“The entertainment project was unique to the Alabama/Southeastern region of the United States and would generate unusually high revenue since it contained a gaming hall which would house a for profit electronic bingo component and Pro Sports, with the assistance of the developer of the entertainment project, presented Owens and Linden with an illustration and profit estimates of the earnings that Owens would realize,” the complaint reads.

According to the complaint, Owens did not realize that things went sour with his investment until 2011.

"In 2011, Owens became aware that one or more investors in the entertainment project had filed lawsuits against Pro Sports and/or the defendants but was unable to obtain any details,” the complaint read.

Adding, "In or about August 2011, Owens was further told by Linden that she would no longer be able to answer questions about his personal interests in the entertainment project or the operating agreements or subscription agreements, loans, investments or collateral of the Country Crossing entertainment project since she denied acting as Owens' personal counsel and only claimed to be counsel for the entity in which Owens held an ownership interest."

The wideout filed the complaint in a Palm Beach County Florida courtroom, and is being represented by Michael Simon with Simon & Sigalos, of Boca Raton. He has spoken about issues with the misappropriation of his finances in previous interviews.

“I definitely have been going through a lot of personal problems and obviously I had a financial advisor that has misappropriated funds and taking advantage of a situation,” Owens told ESPN recently.

 

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