Latest news with #Hertzberg
Fox Sports
7 hours ago
- Business
- Fox Sports
Padres' Star Fernando Tatis Sues Big League Advance
San Diego Padres star Fernando Tatis Jr. filed a lawsuit Monday against Big League Advance in an attempt to void the future earnings contract he signed as a 17-year-old minor leaguer that could cost him about $34 million. The lawsuit, filed in San Diego County Superior Court, accuses BLA of using predatory tactics to lure him into an "investment deal" that was actually an illegal loan. BLA misrepresented itself to Tatis, hiding its unlicensed status and pushing him into loan terms banned by California's consumer protection laws, the suit alleges. Attorney Robert Hertzberg said the suit also seeks public injunctive relief to protect young athletes from being lured into such deals. Hertzberg said Tatis received $2 million up front in exchange for 10% of future earnings. Tatis signed a $340 million, 14-year contract in February 2021. Hertzberg said Tatis would also be on the hook for future earnings from any subsequent contract he might sign, unless the deal is voided. "I'm fighting this battle not just for myself but for everyone still chasing their dream and hoping to provide a better life for their family," Tatis said in a statement provided by a publicist. "I want to help protect those young players who don't yet know how to protect themselves from these predatory lenders and illegal financial schemes — kids' focus should be on their passion for baseball, not dodging shady business deals." Tatis, a son of the former big league infielder, declined further comment before Monday night's game against the Washington Nationals. Hertzberg said that even though Tatis signed the deal in his native Dominican Republic, he is covered by California consumer protection laws. BLA declined comment. "California lawmakers have put in place serious, straightforward protections against predatory financial activity, but BLA has still disregarded our laws to pursue a business model built on prohibited, deceptive and abusive practices," said Hertzberg, a former speaker of the California State Assembly and majority leader of the California Senate. Tatis has blossomed into one of the game's biggest stars, although he's been dogged by injuries and an 80-game PED suspension handed down by MLB in 2022. He debuted in 2019 and was an All-Star at shortstop in 2021 before being moved to right field, where he was an All-Star last year. BLA sued former one-time Padres outfielder Franmil Reyes on June 16 in Delaware Superior Court, claiming breach of contract. BLA says Reyes owes $404,908.87 in past due payments plus $298,749.13 in interest, as well as a yet-to-be-determined amount from when he played in Japan. Reporting by The Associated Press. Want great stories delivered right to your inbox? Create or log in to your FOX Sports account and follow leagues, teams and players to receive a personalized newsletter daily! recommended Get more from Major League Baseball Follow your favorites to get information about games, news and more in this topic
NBC Sports
8 hours ago
- Business
- NBC Sports
Padres star Tatis sues Big League Advance in attempt to get out of future earnings deal
Eric Samulski unpacks the anticipated MLB debut for Reds pitching prospect Chase Burns, and while he should be added in all formats, managers should leave him on the bench with a difficult schedule ahead. SAN DIEGO — San Diego Padres star Fernando Tatis Jr. filed a lawsuit Monday against Big League Advance in an attempt to void the future earnings contract he signed as a 17-year-old minor leaguer that could cost him $34 million. The lawsuit, filed in San Diego County Superior Court, accuses BLA of using predatory tactics to lure him into an 'investment deal' that was actually an illegal loan. BLA misrepresented itself to Tatis, hiding its unlicensed status and pushing him into loan terms banned by California's consumer protection laws, the suit alleges. Attorney Robert Hertzberg said the suit also seeks public injunctive relief to protect young athletes from being lured into such deals. Hertzberg said Tatis received $2 million up front in exchange for 10% of future earnings. Tatis signed a $340 million, 14-year contract in February 2021. Hertzberg said Tatis would also be on the hook for future earnings from any subsequent contract he might sign, unless the deal is voided. 'I'm fighting this battle not just for myself but for everyone still chasing their dream and hoping to provide a better life for their family,' Tatis said in a statement provided by a publicist. 'I want to help protect those young players who don't yet know how to protect themselves from these predatory lenders and illegal financial schemes - kids' focus should be on their passion for baseball, not dodging shady business deals.' Tatis, a son of the former big league infielder, declined further comment before Monday night's game against the Washington Nationals. Hertzberg said that even though Tatis signed the deal in his native Dominican Republic, he is covered by California consumer protection laws. BLA declined comment. 'California lawmakers have put in place serious, straightforward protections against predatory financial activity, but BLA has still disregarded our laws to pursue a business model built on prohibited, deceptive and abusive practices,' said Hertzberg, a former speaker of the California State Assembly and majority leader of the California Senate. Tatis has blossomed into one of the game's biggest stars, although he's been dogged by injuries and an 80-game PED suspension handed down by MLB in 2022. He debuted in 2019 and was an All-Star at shortstop in 2021 before being moved to right field, where he was an All-Star last year.
Fox Sports
8 hours ago
- Business
- Fox Sports
Padres star Tatis sues Big League Advance in attempt to get out of future earnings deal
Associated Press SAN DIEGO (AP) — San Diego Padres star Fernando Tatis Jr. filed a lawsuit Monday against Big League Advance in an attempt to void the future earnings contract he signed as a 17-year-old minor leaguer that could cost him $34 million. The lawsuit, filed in San Diego County Superior Court, accuses BLA of using predatory tactics to lure him into an 'investment deal' that was actually an illegal loan. BLA misrepresented itself to Tatis, hiding its unlicensed status and pushing him into loan terms banned by California's consumer protection laws, the suit alleges. Attorney Robert Hertzberg said the suit also seeks public injunctive relief to protect young athletes from being lured into such deals. Hertzberg said Tatis received $2 million up front in exchange for 10% of future earnings. Tatis signed a $340 million, 14-year contract in February 2021. Hertzberg said Tatis would also be on the hook for future earnings from any subsequent contract he might sign, unless the deal is voided. 'I'm fighting this battle not just for myself but for everyone still chasing their dream and hoping to provide a better life for their family," Tatis said in a statement provided by a publicist. "I want to help protect those young players who don't yet know how to protect themselves from these predatory lenders and illegal financial schemes — kids' focus should be on their passion for baseball, not dodging shady business deals.' Tatis, a son of the former big league infielder, declined further comment before Monday night's game against the Washington Nationals. Hertzberg said that even though Tatis signed the deal in his native Dominican Republic, he is covered by California consumer protection laws. BLA declined comment. "California lawmakers have put in place serious, straightforward protections against predatory financial activity, but BLA has still disregarded our laws to pursue a business model built on prohibited, deceptive and abusive practices,' said Hertzberg, a former speaker of the California State Assembly and majority leader of the California Senate. Tatis has blossomed into one of the game's biggest stars, although he's been dogged by injuries and an 80-game PED suspension handed down by MLB in 2022. He debuted in 2019 and was an All-Star at shortstop in 2021 before being moved to right field, where he was an All-Star last year. ___ AP MLB: recommended in this topic
Winnipeg Free Press
8 hours ago
- Business
- Winnipeg Free Press
Padres star Tatis sues Big League Advance in attempt to get out of future earnings deal
SAN DIEGO (AP) — San Diego Padres star Fernando Tatis Jr. filed a lawsuit Monday against Big League Advance in an attempt to void the future earnings contract he signed as a 17-year-old minor leaguer that could cost him $34 million. The lawsuit, filed in San Diego County Superior Court, accuses BLA of using predatory tactics to lure him into an 'investment deal' that was actually an illegal loan. BLA misrepresented itself to Tatis, hiding its unlicensed status and pushing him into loan terms banned by California's consumer protection laws, the suit alleges. Attorney Robert Hertzberg said the suit also seeks public injunctive relief to protect young athletes from being lured into such deals. Hertzberg said Tatis received $2 million up front in exchange for 10% of future earnings. Tatis signed a $340 million, 14-year contract in February 2021. Hertzberg said Tatis would also be on the hook for future earnings from any subsequent contract he might sign, unless the deal is voided. 'I'm fighting this battle not just for myself but for everyone still chasing their dream and hoping to provide a better life for their family,' Tatis said in a statement provided by a publicist. 'I want to help protect those young players who don't yet know how to protect themselves from these predatory lenders and illegal financial schemes — kids' focus should be on their passion for baseball, not dodging shady business deals.' Tatis, a son of the former big league infielder, declined further comment before Monday night's game against the Washington Nationals. Hertzberg said that even though Tatis signed the deal in his native Dominican Republic, he is covered by California consumer protection laws. Thursdays Keep up to date on sports with Mike McIntyre's weekly newsletter. BLA declined comment. 'California lawmakers have put in place serious, straightforward protections against predatory financial activity, but BLA has still disregarded our laws to pursue a business model built on prohibited, deceptive and abusive practices,' said Hertzberg, a former speaker of the California State Assembly and majority leader of the California Senate. Tatis has blossomed into one of the game's biggest stars, although he's been dogged by injuries and an 80-game PED suspension handed down by MLB in 2022. He debuted in 2019 and was an All-Star at shortstop in 2021 before being moved to right field, where he was an All-Star last year. ___ AP MLB:
Yahoo
14-05-2025
- Politics
- Yahoo
New US Attorney for Northern District of GA appointed, USDOJ says
The U.S. Northern District of Georgia has a new U.S. Attorney, according to the Justice Department. U.S. Attorney General Pam Bondi made the announcement Wednesday, saying Theodore S. Hertzberg will serve as the interim U.S. Attorney for the district. He was appointed to the role on Tuesday and took his oath of office Wednesday. Officials said Hertzberg has worked as an Assistant U.S. Attorney for almost a decade, starting in Savannah at the USAO for the Southern District of Georgia. In 2018, Hertzberg transferred to the Northern District, 'where he prosecuted gang leaders, child sex predators, gun traffickers, armed felons and other dangerous offenders.' Before working for the U.S. Department of Justice, Hertzberg was an attorney in New York at law firm Kramer Levin Naftalis & Frankel LLP. He also clerked for Judge Kristi K. Dubose at the U.S. District Court for the Sothern District of Alabama. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] TRENDING STORIES: Marjorie Taylor Greene weighs in on college student facing deportation after wrongful traffic stop MANHUNT: Teenager accused of shooting, killing his stepfather in Newton County Atlanta police investigate shooting of 11-year-old [SIGN UP: WSB-TV Daily Headlines Newsletter]
