Mike Tyson Must Arbitrate $5M Fraud Suit Against Adviser

Law360, Los Angeles (June 14, 2013, 4:24 PM EDT) -- Former heavyweight boxing champ Mike Tyson took a legal punch Friday when a California judge ruled a contract clause was so “all-encompassing” that it required him to arbitrate his claims that a financial advisory firm caused him and his wife more than $5 million in damages through embezzlement and false advice.

Los Angeles Superior Court Judge Michael M. Johnson rejected Tyson's argument that the arbitration clause did not apply to the case because the alleged theft from his bank accounts by Brian Ourand, a senior executive...
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