Golden Divorce just got real! GBP files arbitration for $50 Mil in damages
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People should perhaps pay more attention to the timing of events. I think Schaefer official left the company after Arum revealed De La Hoya's concerns; what that makes me believe is that Richard was waiting for De La Hoya to breach the contract first.
He may try arguing something along the lines of being constructively dismissed, as in employment contracts there are implied terms of good faith trust and so forth. By making allowing the information to go public, Richard may argue that Oscar broke a trust between them, and created an environment where he could no longer be expected to fulfil his contractual obligations due to the beakdown in their relationship.
To be honest, it looks as though Schaefer has acted in a very shrewd and calculated manner; I suspect that it will be difficult for Oscar to pin anything on him. Much of it is Oscar's own fault: had he abstained from getting coked up, he could have kept a watchful eye over Schaefer in order to prevent him covering his back.Last edited by FeFist; 06-27-2014, 11:27 AM.Comment
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On my phone so can't write much.... But somebody should make a timelinePeople should perhaps pay more attention to the timing of events. I think Schaefer official left the company after Arum revealed De La Hoya's concerns; what that makes me believe is that Richard was waiting for De La Hoya to breach the contract first.
He may try arguing something along the lines of being constructively dismissed, as in employment contracts there are implied terms of good faith trust and so forth. By making allowing the information to go public, Richard may argue that Oscar broke a trust between them, and created an environment where he could no longer be expected to fulfil his contractual obligations due to the beakdown in their relationship.Comment
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Duva made the claims first, so I'm not sure Arum had anything to do with it.People should perhaps pay more attention to the timing of events. I think Schaefer official left the company after Arum revealed De La Hoya's concerns; what that makes me believe is that Richard was waiting for De La Hoya to breach the contract first.
He may try arguing something along the lines of being constructively dismissed, as in employment contracts there are implied terms of good faith trust and so forth. By making allowing the information to go public, Richard may argue that Oscar broke a trust between them, and created an environment where he could no longer be expected to fulfil his contractual obligations due to the beakdown in their relationship.
To be honest, it looks as though Schaefer has acted in a very shrewd and calculated manner; I suspect that it will be difficult for Oscar to pin anything on him. Much of it is Oscar's own fault: had he abstained from getting coked up, he could have kept a watchful eye over Schaefer in order to prevent him covering his back.Comment
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What grown man who hates Mayweather still appears in every single Maywether thread SMS writes "Didn't read LOL, bet it's just Floydidiots". Every single time.
That is most sad of all.Comment
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Get at me when it goes from arbitration to litigation, because this would just be the first part of a trek that will take years to sort out.
You know who wins between a legal battle between a company and their former CEO, the lawyers and the competitors. It is part of why Oscar whole scheme was ill-conceived in the first place because this was the only place it was going to go and what can be gained back is much less than what will be lost (if anything can be gained).Comment
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