(EXCLUSIVE) NFL Legend Cris Carter Sued By Ex-Business Partner For $37 Million
According to the court documents, Tyco explains that the company they purchased was worth far less than what Cris had told them it was. Tyco says after the purchase they discovered — millions of dollars in undisclosed liabilities; the fact the Carters were being audited; and it was alleged the brothers used the company for their personal benefit along with the company not turning over all their assets. They also say they discovered that Cris and his brother were destroying documents and blocked access to certain information.
Reportedly, Tyco says that Cris and his brother sold them a struggling company due to their gross mismanagement. Further, they alleged that the deal they made had a provision to hold $3 million to protect Tyco in situations similar to this.
They filed suit for up to $37 million which is what they purchased the company for and are demanding the full amount back.
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