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Ex-Yankee Jeter Faces Fraud Trial In Dispute With Underwear Maker


Champ Kind
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2016-07-19T215948Z_1_LYNXNPEC6I1G8_RTROPTP_2_COLLEGE-FOOTBALL.JPGFormer New York Yankees baseball star Derek Jeter must face a trial over claims he defrauded the Swedish company that makes $100 Frigo brand underwear out of millions of dollars, a judge ruled on Tuesday. The former All-Star shortstop has been locked in a legal dispute with RevolutionWear, a maker of luxury underwear that brought Jeter on as a director and investor with a 15 percent stake in 2011. The judge, Vice Chancellor Sam Glasscock, found that Jeter must defend allegations that he fraudulently induced RevolutionWear into an agreement by concealing terms of an endorsement deal with Nike Inc.

 

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