Tampa Bay Buccaneers quarterback Baker Mayfield has filed a lawsuit against Camwood Capital Management Group, a company owned by his father, James Mayfield. Mayfield’s estate is seeking a substantial $11.7 million from his father’s company, in which his brother, Matt Mayfield, also holds a stake ¹.
According to the lawsuit, a staggering $12.2 million was allegedly transferred from Baker Mayfield’s account to a subsidiary of Camwood Capital Management Group called Texas Contract Manufacturing Group without his authorization. This unauthorized transfer is at the heart of the lawsuit, with Mayfield’s estate seeking damages and a full accounting of the funds.
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In 2023, Baker Mayfield took legal action, filing a motion that compelled Camwood Capital Management to produce financial records spanning from 2018 to 2023. This move aimed to uncover the trail of the missing funds.
According to WFLA News, a confidential settlement was reached, stipulating that Camwood Capital Management would repay the $11.7 million, restructure an existing loan to facilitate this repayment, and grant Baker Mayfield access to the company’s financial records.
However, as alleged in Mayfield’s lawsuit, none of these agreed-upon terms were fulfilled.
From the lawsuit,
“To date, Camwood Capital has not repaid even one dollar under the Settlement Agreement, Defendants have failed to refinance their existing loan, and Defendants have not provided Plaintiffs with access to their books and records,” the lawsuit stated. “As a result, Plaintiffs have been left with no choice but to file suit for breach of the Settlement Agreement to recover the assets improperly taken from them.”
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Baker Mayfield’s team is seeking a total of $11.74 million, plus additional compensation for interest, costs, and attorney fees. Furthermore, the lawsuit requests that the court grant “any other relief that the Court deems just and proper,” leaving room for potential further damages.
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