Posted August 22, 2013

Report: Terrell Owens suing former agent Drew Rosenhaus

NFL
Terrell Owens is suing former agent Drew Rosenhaus (Photo by Gustavo Caballero/Getty Images for GQ)

Terrell Owens is suing former agent Drew Rosenhaus (Photo by Gustavo Caballero/Getty Images for GQ)

Former NFL wide receiver Terrell Owens is suing his former agent, Drew Rosenhaus, as well as his brother Jason for breach of fiduciary duty, fraud, and negligence, Yahoo Sports’ Rand Getlin reported Thursday. Owens is seeking recovery of up to $6.5 million, according to the report, which is based on legal filings.

Owens alleges that an introduction from Jason and Drew Rosenhaus to the now-banned financial adviser Jeff Rubin caused major damages. Owens is contending that the Rosenhaus brothers suggested he hire Rubin to manage his finances. That move went awry, Owens alleges, when Rubin put Owens’ money in a series of bad investments.

Owens says that Rubin cost him $6.5 million — $5 million in bad investments, and $1.5 million from potential gains if the funds were invested properly.

“Terrell trusted [Drew] Rosenhaus when he recommended that Terrell hire Rubin as his financial adviser,” Owens’ attorneys, Curtis Carlson and Chase Carlson of Miami-based Carlson & Lewittes, P.A., said in a statement to Yahoo.

“It is completely ridiculous that Rosenhaus would refer a five-time Pro Bowler to a financial advisor who has been accused of stealing from his clients in the past, whose college degree was in Exercise Science, and who was inexperienced. Rosenhaus should have steered Terrell away from Rubin, not toward him.”

The 39-year-old Owens hasn’t played in the NFL since 2010, when he spent the year with the Cincinnati Bengals. He has said that if he doesn’t play this year, he will retire.

Owens has 1,078 catches for 15,934 yards and 153 touchdowns in 16 NFL seasons.


18 comments
friendly--neighborhood--scrawler
friendly--neighborhood--scrawler

Why Terrell did Drew miscount when you were doing sit ups in your driveway, if so...  take Drew for every cent he has, how dare he sell you short a sit up or two at the height of your buffoonery.

CraigSimpson
CraigSimpson

They deserve each other. Two slime balls.

JimCatCabbage
JimCatCabbage

T.O.=Terminally Obtuse.

Just another living brain donor

mbroncofan
mbroncofan

I think this is a reach, but you couldn't be reaching for a bigger slime bag.  I hope you win this just to see this POS get what he deserves.

ngk11
ngk11

It was the Agents fault for all of your children u owe support on, extra cars, houses, apartments. And for not saving any of your millions that into a roth or 401k account. Once again terrell--its somebody elses fault

LeilaniHernandez
LeilaniHernandez

if he wins the case, will he lose the money again? probably.

Breezy04
Breezy04

Investments by there very nature are risky. Every time you lose money on one you can't run to court asking for your money back unless you can show fraud or deceit on the part of the investor. By suing Rosenhaus instead of Rubin shows that it was just a bad investment and not an underhanded dealing. His case against Rosenhaus is weak. Owens is most likely hoping for a out of court settlement from Rosenhaus. As a major agent in the NFL, Owens is betting that Rosenhaus will just settle to keep is dirty laundry out of the public and most importantly from clients and future clients.

randomdeletion
randomdeletion

As much as it is obvious T.O. is a buffoon and total idiot, Rosenhaus is scum. I am astounded that anyone still has this pos as their agent today. 

Mkmck
Mkmck

Good Lord...who do you root for in this battle of scumbags? Can they both lose?

NoQNoSuperBowl
NoQNoSuperBowl

He's broke. So he sues someone with money. It's the American way.

ReardonSteele
ReardonSteele

What ever happened to buyer beware? Doing your own due diligence on whom you trust with your money?

Marchoir
Marchoir

Must totally agree with T.O. and his attorneys on this one. Owen's attorneys must show that Rosenhaus enjoyed a broader scope and capacity with Owen's above and beyond contract negotiating. If Owens considered Rosenhaus an advisor, trusted and relied on his judgment, and most importantly "compensated" Rosenhaus for his advice outside of normal contractual obligations, then Owens has a real good chance in this case. There is no excuse for Rosenhaus to recommend his client allow unqualified and edgy characters to invest his money. Of course, there are two sides to the story. There always is.

HairyGuy
HairyGuy

TO will give rosenhaus a TKO from TOKYO in a boxing match. -mike tyson's punchout nintendo NES 1987

piteus
piteus

TO - no one forced you to sign with Rosenhaus.

Mark112
Mark112

It's not Drew, Jason or Jeff's fault that Terrell is a complete idiot and that you're on the hook for something like five babies. Just by the nine SPRD ETFs T.O.- even a dope like you can't lose money with those investments (they manage themselves).  I thought T.O. went to college - WTF?

Tuckiefried
Tuckiefried

Hey!  I have a degree in Exercise Science....  Wait, I'm also not a financial advisor.  Carry on!


Voiceover310
Voiceover310

Yeah it's all Rosenhaus' fault that T.O. lost all his money. Rosenhaus must be a complete moron since he has such a stacked client list and makes millions of dollars representing athletes.