DON KING SETTLES NORRIS LAWSUIT FOR $7.5 MILLION
11.12.03 - It took seven long years to finally have his day in court, but it was well worth the wait for former world champion Terry Norris. Norris, who filed suit in New York Supreme Court against his former promoter Don King for aiding and abetting a breach of fiduciary duty by Norris’ former manager Joe Sayatovich, agreed to accept a settlement of $7.5 million from King, following today’s closing arguments.
Article posted on 10.12.2003
“People do not pay $7.5 million if they have not done anything wrong,” said Norris’ attorney Judd Burstein. “Don King is a cancer in the sport of boxing. Today’s settlement provided boxing with a dose of chemotherapy.”
“Don King should be ashamed of himself for taking advantage of Terry Norris,” continued Burstein. “I think Mr. King saw the handwriting on the wall when the jury asked for a calculator and a magnifying glass when the closing arguments were concluded. When we refused Mr. King’s demand to keep the settlement terms confidential, he buckled and agreed to make the settlement public.
“I would like to acknowledge my co-counsel Joshua Dubin and his company Dubin Research and the invaluable assistance of my associate Peter Schalk. The victorious result of this case could not have been achieved without them.”
Norris, 47-9 (31 KOs), held the WBC super welterweight title through three different reigns from 1990-1997.
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