Don King Loses Appeal For Deposit In $23M Jai Alai Deal

Law360, New York (August 28, 2013, 4:50 PM EDT) -- A Florida appeals court ruled Wednesday that boxing promoter Don King can't receive a $1 million deposit from a failed $23 million jai alai fronton deal in Palm Beach County, months after Florida's Supreme Court said an oral agreement modifying the deal wasn't enforceable.

The Fourth District Court of Appeals issued its ruling on remand from the state high court and said King isn't entitled to the money from developer John Markey because he failed to follow his obligation under the deal to drum up local...
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