Shawne Merriman Suing Christian Laettner for $3.6 Million
Its been awhile since we have heard Shawne Merriman’s name in the news but today your boy Lights Out has ended that.
Today reports have surfaced that the Merriman has been apart of an ongoing dispute with ex Duke player Christian Laettner and his partner Brian Davis for approximately $3.6 million that the duo owes him.
Sign On San Diego Reports:
On Monday, Merriman filed an affidavit in Maryland that said Laettner and Davis’ company, BD Ventures, owes him $3.64 million, plus $998.76 per day in interest. The amount stems from a loan Merriman and his company, S.M. Real Estate, made to the former Blue Devils’ company in 2007. The loan was to be fully repaid in March 2009, but Merriman, who played at the University of Maryland, sued them in federal court in April 2009, saying he wasn’t repaid as promised.
..Under terms of the deal, Merriman was to receive rights in Laettner and Davis’ real estate and business ventures. Merriman has asked a federal judge to award him a 10 percent interest in real estate projects in Atlanta, Baltimore and Durham, N.C, according to his contract with BD Ventures. If those projects fail, Merriman’s affidavit says he has the right to convert them into interests in the former Blue Devils’ other projects. Laettner and Davis have been hit by multiple suits related to unpaid bills.
The funniest part of this situation is the transcripts from the deposition that occurred in April
Laettner was asked about Merriman. Laettner said, “I know that we owe him money” and “we haven’t been able to pay him.”
“Why not?” Laettner was asked by an attorney for Merriman.
“Because there’s not enough money available in the business to pay him back,” Laettner responded, according to a transcript.
“Why not?” the attorney asked again.
“That’s a good question,” Laettner responded in the transcript. “I think the economy has a lot to do with it.”
First of all what is a Terp doing lending a Blue Devil money? That goes against everything that is moral
Secondly, I applaud Christian Laettner for his extreme honesty under the circumstances. I mean he didn’t give a fabricated account of why they haven’t paid he blatantly said
“I dont got it and I can’t put anything on it”
I support the “you’ll get the money when you get it” movement, but hopefully Shawne gets some of his money back because he needs all the money he can get to pay for the intense sterilization that is required to rid himself of all of the Tila Tequila related toxins and bacteria that he acquired while dating her
Kris Moyo is one of BSO’s newest writers and comes from a long background of jive talking and pimp walking. You can follow Kris on Twitter at http://www.twitter.com/IAMKRIS24