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Report: Bush, Lake settle lawsuit [<LET THE MERGERS BEGIN>]

this is a discussion within the Saints Community Forum; Updated: April 21, 2010, 3:33 PM ET Associated Press SAN DIEGO -- It appears Reggie Bush has reached an out-of-court settlement with a fledgling sports marketer who is trying to recoup nearly $300,000 in cash and gifts the star running ...

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Old 04-21-2010, 03:13 PM   #1
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Report: Bush, Lake settle lawsuit [<LET THE MERGERS BEGIN>]

Updated: April 21, 2010, 3:33 PM ET
Associated Press

SAN DIEGO -- It appears Reggie Bush has reached an out-of-court settlement with a fledgling sports marketer who is trying to recoup nearly $300,000 in cash and gifts the star running back and his family allegedly accepted while he was playing at the University of Southern California.

Depositions involving the two former marketers who wooed Bush while he was at USC have been called off, attorney Brian Watkins told The Associated Press on Wednesday.


Asked if Bush was still scheduled to be deposed on Friday, Watkins said: "I have no comment."

Settlement documents could be filed in court within days.

A settlement could stymie the NCAA and Pacific-10 Conference investigators, who are trying to determine whether Bush and his parents took improper benefits. Bush has not met with NCAA and Pac-10 investigators, and has repeatedly denied any wrongdoing.

If Bush is found retroactively ineligible, he could lose his 2005 Heisman Trophy.

If the NCAA determines that USC violated rules, the football program could have to forfeit victories from those seasons -- when the Trojans won a national championship and lost in the BCS title game against Texas -- and face additional penalties.

Watkins represents Lloyd Lake in his lawsuit against Bush.

Lake's scheduled deposition Monday did not occur, said Watkins, who declined to provide a reason.

Lake's former partner, Michael Michaels, was scheduled to be deposed Wednesday.

"It will not go through," Watkins said.

A call to Bush's attorney, Shawn Chapman Holley, was not immediately returned.

Lake and Michaels were trying to attract Bush as a client for their marketing firm, New Era. Bush did not sign with New Era.

Michaels owned a San Diego-area house where Bush's parents allegedly lived rent-free. Michaels reached an out-of-court settlement with Bush's family in April 2007 that included a confidentiality agreement.

In late December, Bush lost his bid to go to confidential arbitration to settle Lake's lawsuit.

Referring to Michaels' settlement with Bush, Watkins told the AP last week: "Basically Reggie Bush bought his silence for $300,000, so he was unable to speak to the media, and, of course, cooperate with the NCAA."
Watkins tried to take Bush's deposition in February 2008, but said the running back didn't show up.

A few weeks earlier, Watkins and Lake walked out of a deposition, saying that a bodyguard for Bush's attorney at the time, David Cornwell, opened his jacket to expose a pistol.

Yahoo! Sports first reported news of a settlement in the Lake case.

Copyright 2010 by The Associated Press

Report: Reggie Bush of USC and New Orleans Saints settles lawsuit, avoids deposition - ESPN Los Angeles

I hope they get everything worked out. It would suck for Reggie to be stripped of his Heisman.
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Old 04-21-2010, 03:16 PM   #2
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Re: Report: Bush, Lake settle lawsuit

there goes all that money we overpaid..lol
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Old 04-21-2010, 07:41 PM   #3
 
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Bush Settles Lawsuit

Report: Reggie Bush of USC and New Orleans Saints settles lawsuit, avoids deposition - ESPN Los Angeles

SAN DIEGO -- It appears Reggie Bush has reached an out-of-court settlement with a fledgling sports marketer who is trying to recoup nearly $300,000 in cash and gifts the star running back and his family allegedly accepted while he was playing at the University of Southern California.


Bush
Depositions involving the two former marketers who wooed Bush while he was at USC have been called off, attorney Brian Watkins told The Associated Press on Wednesday.
Asked whether Bush was still scheduled to be deposed Friday, Watkins said: "I have no comment."

Settlement documents could be filed in court within days.

A settlement could stymie the NCAA and Pacific-10 Conference investigators, who are trying to determine whether Bush and his parents took improper benefits. Bush has not met with NCAA and Pac-10 investigators, and has repeatedly denied any wrongdoing.

If Bush is found retroactively ineligible, he could lose his 2005 Heisman Trophy.

If the NCAA determines USC violated rules, the football program could have to forfeit victories from Bush's seasons there (2003-05) -- during which time the Trojans won a national championship and lost in the BCS title game against Texas -- and face additional penalties.

Watkins represents Lloyd Lake in his lawsuit against Bush.

Lake's scheduled deposition Monday did not occur, said Watkins, who declined to provide a reason.

Lake's former partner, Michael Michaels, was scheduled to be deposed Wednesday.

"It will not go through," Watkins said.

A call to Bush's attorney, Shawn Chapman Holley, was not immediately returned.

Lake and Michaels were trying to attract Bush as a client for their marketing firm, New Era. Bush did not sign with New Era.

Michaels owned a San Diego-area house where Bush's parents allegedly lived rent-free. Michaels reached an out-of-court settlement with Bush's family in April 2007 that included a confidentiality agreement.

In late December, Bush lost his bid to go to confidential arbitration to settle Lake's lawsuit.

Referring to Michaels' settlement with Bush, Watkins told the AP last week: "Basically Reggie Bush bought his silence for $300,000, so he was unable to speak to the media, and, of course, cooperate with the NCAA."

Watkins tried to take Bush's deposition in February 2008 but said the running back didn't show up.

A few weeks earlier, Watkins and Lake walked out of a deposition, saying that a bodyguard for Bush's attorney at the time, David Cornwell, opened his jacket to expose a pistol.

Yahoo! Sports first reported news of a settlement in the Lake case.



Well ...well ....wellll!

What have we here? I guess this helps USC?

Said Pope Benedict: "WOW ... that ring is bigger than mine!!!"

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Old 04-21-2010, 07:49 PM   #4
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Re: Report: Bush, Lake settle lawsuit

*facepalm*
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Old 04-21-2010, 07:50 PM   #5
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Re: Bush Settles Lawsuit

never followed it......without trying to sound like a jerk, never cared either

it doesnt effect him in the pros which is the only place i care about now

if i were a USC fan then i might be upset but...... **** USC
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Old 04-21-2010, 07:50 PM   #6
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Re: Bush Settles Lawsuit

http://blackandgold.com/saints/26135...tml#post219964

*cough cough*
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Old 04-21-2010, 08:04 PM   #7
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Re: Report: Bush, Lake settle lawsuit

You gotta get used to it...some of us are senile...
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