MLB Player Says Fund Made 'Unconscionable' Loan Deal

Law360 (April 13, 2018, 8:50 PM EDT) -- Cleveland Indians catcher Francisco Mejia, in a Delaware federal court suit claiming an ex-Major Leaguer’s investment fund induced him to sign away more than 10 percent of his lifetime earnings in exchange for a $360,000 loan, was hit with a counterclaim Thursday claiming his suit breached a confidentiality clause in the agreement.

In a suit filed in February, Mejia claimed Big League Advance Fund I LP — founded by former Philadelphia Phillies pitcher Michael Schwimer — induced him to enter into an “unconscionable” contract requiring him...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.