Latest news with #CarmaHoldCo
Yahoo
11-07-2025
- Business
- Yahoo
Hulk Hogan's beer at the center of new $10M lawsuit
WWE icon Hulk Hogan's alcohol brand, 'Real American' beer, is at the center of a $10 million lawsuit involving a licensing company and two former employees. Carma HoldCo Inc filed the lawsuit in Illinois and alleges that its former president, Chad Bronstein, chief legal and licensing officer Nicole Cosby, and their company, Rahm Inc, violated state and federal trade secret laws by using proprietary information and intellectual property belonging to Carma when they launched the wrestler-themed beer company. The lawsuit claims that Cosby and Bronstein violated their employment agreements by misappropriating and making use of its proprietary information and its marketing tactics and concepts when developing Rahm Inc, according to Law360. In other words, Carma is accusing its former executives of swiping its ideas and strategies and poaching Hogan away from them in order to launch their own beer using his name and likeness. Carma frequently partners with celebrities to license their likenesses out to other companies, which are then used for a variety of products. It claims in the suit that it had entered into a deal with Hogan to be one of its brand ambassadors back in February 2023. That summer, Bronstein — then an executive at Carma — discussed launching a beer brand using Hogan's likeness. The original idea included using August and Billy Busch of the Busch family. "Bronstein, as president and chairman of the board of directors, was intimately involved in and familiar with Carma's plans for Hulk Hogan's Real American brand beer," the suit says. "During this time, Carma was in active discussions with August and Billy Busch, who controlled a trademark for the Real American Lager brand name, to form a joint venture in relation to Hulk Hogan's Real American brand beer." The suit claims that Cosby was also familiar with the concept as part of her duties as CLO. According to Carma, it hired a designer to create beer can concepts for The Real American brand that includes Hogan's name and image as well as proposals for an All-American Lager and Patriot Pilsner. Those concepts were provided to Carma in September 2023. The company is arguing that the proposals, concepts, and business plans for the brand are confidential and proprietary. Two months later, Carma says it terminated Cosby and Bronstein because the latter had allegedly arranged the deal in a way that would allow him to personally benefit by taking an ownership interest in the beer company. Cosby reportedly provided counsel to Bronstein and authorized the arrangement. After the executives left, Carma said it tried to revitalize negotiations with Hogan and the Busch family for the beer idea, but claims the wrestler became uncooperative and stopped fulfilling his responsibilities as a brand ambassador per his deal with the company. "Plaintiff is informed and believes, and based thereon alleges, that after their termination, Bronstein and Cosby continued to have their discussions with Hulk Hogan, his representatives, and August and Billy Busch concerning Hulk Hogan's Real American brand beer, and they solicited Hulk Hogan to cease his relationship with Carma and enter a business relationship with Rahm to sell Hulk Hogan's Real American brand beer," the complaint says. Rahm Inc applied for trademarks involving the "Real American Beer" name that covered a variety of products, including beer, non-alcoholic beer, coolers, mugs, and other related drinking paraphernalia. The complaint accuses Rahm, Bronstein, and Cosby of breach of contract, violations of the Defend Trade Secrets Act, the Illinois Trade Secrets act, tortious interference with contractual relations and tortious interference with prospective business relations. The company is seeking $348,000 in restitution for the breach of contract from Bronstein, and another $231,333.33 from Cosby. Carma is also seeking damages, restitution, royalties, and a court order to stop Bronstein and Cosby from using its trade secrets and to stop them from selling products they believe use stolen trade secrets.
Yahoo
11-07-2025
- Business
- Yahoo
Hulk Hogan's beer at the center of new $10M lawsuit
WWE icon Hulk Hogan's acohol company, "Real American" beer, is being sued in a $10 million lawsuit by its former president and chief legal officer. Carma HoldCo Inc filed the lawsuit in Illinois and alleges that its former president, Chad Bronstein, chief legal and licensing officer Nicole Cosby, and their company, Rahm Inc, violated state and federal trade secret laws by using proprietary information and intellectual property belonging to Carma when they launched the wrestler-themed beer company. The lawsuit claims that Cosby and Bronstein violated their employment agreements by misappropriating and making use of its proprietary information and its marketing tactics and concepts when developing Rahm Inc, according to Law360. In other words, Carma is accusing its former executives of swiping its ideas and strategies and poaching Hogan away from them in order to launch their own beer using his name and likeness. Carma frequently partners with celebrities to license their likenesses out to other companies, which are then used for a variety of products. It claims in the suit that it had entered into a deal with Hogan to be one of its brand ambassadors back in February 2023. That summer, Bronstein — then an executive at Carma — discussed launching a beer brand using Hogan's likeness. The original idea included using August and Billy Busch of the Busch family. "Bronstein, as president and chairman of the board of directors, was intimately involved in and familiar with Carma's plans for Hulk Hogan's Real American brand beer," the suit says. "During this time, Carma was in active discussions with August and Billy Busch, who controlled a trademark for the Real American Lager brand name, to form a joint venture in relation to Hulk Hogan's Real American brand beer." The suit claims that Cosby was also familiar with the concept as part of her duties as CLO. According to Carma, it hired a designer to create beer can concepts for The Real American brand that includes Hogan's name and image as well as proposals for an All-American Lager and Patriot Pilsner. Those concepts were provided to Carma in September 2023. The company is arguing that the proposals, concepts, and business plans for the brand are confidential and proprietary. Two months later, Carma says it terminated Cosby and Bronstein because the latter had allegedly arranged the deal in a way that would allow him to personally benefit by taking an ownership interest in the beer company. Cosby reportedly provided counsel to Bronstein and authorized the arrangement. After the executives left, Carma said it tried to revitalize negotiations with Hogan and the Busch family for the beer idea, but claims the wrestler became uncooperative and stopped fulfilling his responsibilities as a brand ambassador per his deal with the company. "Plaintiff is informed and believes, and based thereon alleges, that after their termination, Bronstein and Cosby continued to have their discussions with Hulk Hogan, his representatives, and August and Billy Busch concerning Hulk Hogan's Real American brand beer, and they solicited Hulk Hogan to cease his relationship with Carma and enter a business relationship with Rahm to sell Hulk Hogan's Real American brand beer," the complaint says. Rahm Inc applied for trademarks involving the "Real American Beer" name that covered a variety of products, including beer, non-alcoholic beer, coolers, mugs, and other related drinking paraphernalia. The complaint accuses Rahm, Bronstein, and Cosby of breach of contract, violations of the Defend Trade Secrets Act, the Illinois Trade Secrets act, tortious interference with contractual relations and tortious interference with prospective business relations. The company is seeking $348,000 in restitution for the breach of contract from Bronstein, and another $231,333.33 from Cosby. Carma is also seeking damages, restitution, royalties, and a court order to stop Bronstein and Cosby from using its trade secrets and to stop them from selling products they believe use stolen trade secrets.
The Independent
11-07-2025
- Business
- The Independent
Hulk Hogan's beer at the center of new $10M lawsuit
WWE icon Hulk Hogan's acohol company, "Real American" beer, is being sued in a $10 million lawsuit by its former president and chief legal officer. Carma HoldCo Inc filed the lawsuit in Illinois and alleges that its former president, Chad Bronstein, chief legal and licensing officer Nicole Cosby, and their company, Rahm Inc, violated state and federal trade secret laws by using proprietary information and intellectual property belonging to Carma when they launched the wrestler-themed beer company. The lawsuit claims that Cosby and Bronstein violated their employment agreements by misappropriating and making use of its proprietary information and its marketing tactics and concepts when developing Rahm Inc, according to Law360. In other words, Carma is accusing its former executives of swiping its ideas and strategies and poaching Hogan away from them in order to launch their own beer using his name and likeness. Carma frequently partners with celebrities to license their likenesses out to other companies, which are then used for a variety of products. It claims in the suit that it had entered into a deal with Hogan to be one of its brand ambassadors back in February 2023. That summer, Bronstein — then an executive at Carma — discussed launching a beer brand using Hogan's likeness. The original idea included using August and Billy Busch of the Busch family. "Bronstein, as president and chairman of the board of directors, was intimately involved in and familiar with Carma's plans for Hulk Hogan's Real American brand beer," the suit says. "During this time, Carma was in active discussions with August and Billy Busch, who controlled a trademark for the Real American Lager brand name, to form a joint venture in relation to Hulk Hogan's Real American brand beer." The suit claims that Cosby was also familiar with the concept as part of her duties as CLO. According to Carma, it hired a designer to create beer can concepts for The Real American brand that includes Hogan's name and image as well as proposals for an All-American Lager and Patriot Pilsner. Those concepts were provided to Carma in September 2023. The company is arguing that the proposals, concepts, and business plans for the brand are confidential and proprietary. Two months later, Carma says it terminated Cosby and Bronstein because the latter had allegedly arranged the deal in a way that would allow him to personally benefit by taking an ownership interest in the beer company. Cosby reportedly provided counsel to Bronstein and authorized the arrangement. After the executives left, Carma said it tried to revitalize negotiations with Hogan and the Busch family for the beer idea, but claims the wrestler became uncooperative and stopped fulfilling his responsibilities as a brand ambassador per his deal with the company. "Plaintiff is informed and believes, and based thereon alleges, that after their termination, Bronstein and Cosby continued to have their discussions with Hulk Hogan, his representatives, and August and Billy Busch concerning Hulk Hogan's Real American brand beer, and they solicited Hulk Hogan to cease his relationship with Carma and enter a business relationship with Rahm to sell Hulk Hogan's Real American brand beer," the complaint says. Rahm Inc applied for trademarks involving the "Real American Beer" name that covered a variety of products, including beer, non-alcoholic beer, coolers, mugs, and other related drinking paraphernalia. The complaint accuses Rahm, Bronstein, and Cosby of breach of contract, violations of the Defend Trade Secrets Act, the Illinois Trade Secrets act, tortious interference with contractual relations and tortious interference with prospective business relations. The company is seeking $348,000 in restitution for the breach of contract from Bronstein, and another $231,333.33 from Cosby. Carma is also seeking damages, restitution, royalties, and a court order to stop Bronstein and Cosby from using its trade secrets and to stop them from selling products they believe use stolen trade secrets.
The Irish Sun
19-06-2025
- Entertainment
- The Irish Sun
Mike Tyson looks in fighting shape still aged 58 as boxing legend is spotted with glam wife Lakiha Spicer
MIKE Tyson looked a million dollars as he was spotted on a European trip with his wife. Tyson, 58, was seemingly ready to jump back into the ring given his physical condition. 4 Mike Tyson and his wife Lakiha Spicer were spotted in Paris, France Credit: BackGrid 4 The couple headed over to Berlin, Germany to watch an event Credit: AP The boxing legend was seen in Paris, France with wife Lakiha Spicer. The pair were leaving their hotel and heading to the airport when they were spotted. And they arrived in Berlin, Germany a couple hours later to watch a sporting event. Tyson and Spicer were in the stands for a WTA tennis tournament. American Coco Gauff, who recently won the French Open in Paris, was in action. But she was beaten in straight sets by Wang Xinyu in a shock result. Tyson and Spicer seemed to be enjoying the tennis from their exclusive vantage point. The boxer was seen wearing a lilac colored shirt and shorts combo while on the streets of Paris. Most read in Boxing His glam wife had a leopard print outfit matched with a black blazer. Tyson had been out of the ring for 19 years before making a dramatic comeback in 2024. Aaron Rodgers Joins the Pittsburgh Steelers: $10M Deal Confirmed He fought You Tube star Jake Paul at AT&T Stadium in Arlington, Texas. The boxing legend got himself back into peak physical condition for the bout. But it ended up being a one-sided victory for Paul with Tyson's speed no longer there. Tyson also landed a new job away from boxing this year. He is the new CEO of Carma HoldCo, who are the parent company to his cannabis brand Tyson 2.0. 4 They seemed to be enjoying themselves at the WTA tournament in Berlin Credit: EPA 4 Tyson still looked in peak physical condition at the age of 58 Credit: EPA Ric Flair's firm Drip is also part of the umbrella. Iron Mike said in a statement, "Carma HoldCo was built on the belief that powerful stories and even more powerful products can change how people connect with wellness, entertainment and culture. "This isn't just a title — it's a responsibility I take seriously. Read more on the Irish Sun "I've wanted to be more involved for a long time and now is the right time to take that step. "I'm fully committed to making sure everything we create stays true to who we are while growing in new and exciting ways."
The Sun
19-06-2025
- Entertainment
- The Sun
Mike Tyson looks in fighting shape still aged 58 as boxing legend is spotted with glam wife Lakiha Spicer
MIKE Tyson looked a million dollars as he was spotted on a European trip with his wife. Tyson, 58, was seemingly ready to jump back into the ring given his physical condition. 4 4 The boxing legend was seen in Paris, France with wife Lakiha Spicer. The pair were leaving their hotel and heading to the airport when they were spotted. And they arrived in Berlin, Germany a couple hours later to watch a sporting event. Tyson and Spicer were in the stands for a WTA tennis tournament. American Coco Gauff, who recently won the French Open in Paris, was in action. But she was beaten in straight sets by Wang Xinyu in a shock result. Tyson and Spicer seemed to be enjoying the tennis from their exclusive vantage point. The boxer was seen wearing a lilac colored shirt and shorts combo while on the streets of Paris. His glam wife had a leopard print outfit matched with a black blazer. Tyson had been out of the ring for 19 years before making a dramatic comeback in 2024. He fought You Tube star Jake Paul at AT&T Stadium in Arlington, Texas. The boxing legend got himself back into peak physical condition for the bout. But it ended up being a one-sided victory for Paul with Tyson's speed no longer there. Tyson also landed a new job away from boxing this year. He is the new CEO of Carma HoldCo, who are the parent company to his cannabis brand Tyson 2.0. 4 4 Ric Flair's firm Drip is also part of the umbrella. Iron Mike said in a statement, "Carma HoldCo was built on the belief that powerful stories and even more powerful products can change how people connect with wellness, entertainment and culture. "This isn't just a title — it's a responsibility I take seriously. "I've wanted to be more involved for a long time and now is the right time to take that step. "I'm fully committed to making sure everything we create stays true to who we are while growing in new and exciting ways."
