• July 24, 2024

Shark Tank Star Announces He Is Taking Former Contestants To Court..

Daymond John skyrocketed to fame as a venture capitalist when he appeared on Shark Tank as one of their celebrity investors. Ever since he has been on the hit show, contestants have been vying for him to join their projects so they can get the boost of capital they so desperately need. However, Daymon John has not had great success with every contestant he has decided to partner with and is now taking former Shark Tank contestants to court to get a restraining order levied against them.

Former Shark Tank contestants Al “Bubba” Baker and his daughter, Brittani, and his wife, Sabrina, are all the target of Daymon John’s restraining order. The celebrity investor showed up in court in an effort to seek a temporary restraining order and a preliminary injunction against the Baker family after they came forward with their experience working with John following their Shark Tank deal.

John wants the court to stop the Baker family from publicly discussing the “nightmare” experience they had after they teamed up with Daymon John following their appearance on Shark Tank. In a recent Los Angeles Times investigation, the Baker family claimed that Daymond John and his associates and partners misled the Baker family by trying to take over their business and taking away their access to profits from what would have been a potentially lucrative partnership between the hard-working family and the Shark Tank celebrity investor.

After appearing on Season 5 of Shark Tank, the Baker family entered a business deal with John and the Rastelli Foods Group, which was a meat manufacturer retained to produce the family’s patented Bubba’s Q Boneless Baby Back Ribs.

Although John has a lot of money to throw into the legal battle, a federal judge in New Jersey dismissed John’s case against the Baker family, citing jurisdictional issues. John is still willing to fight with the family and has filed an amended complaint that is still pending in court.

In addition to John’s complaint, Rastelli Foods is also seeking a restraining order against the Bakers, claiming that the family of entrepreneurs made “false” and “defamatory statements” about the meat manufacturer.

“After repeated attempts to give the Bakers the ability to correct their violations, it is unfortunate that it has come to this,” Zach Rosenfield, spokesperson for Daymond John, said in a statement. “This temporary restraining order is due to the Bakers’ blatant actions to undermine a business partnership and the legal parameters they agreed to four years ago. Their belief that they can unwind poor business decisions through slanderous social media posts and articles will no longer be tolerated.”

The Bakers received an on-air offer of $300,000 for thirty percent of their business. However, they claimed that John revised his offer to $100,000 for a thirty-five percent stake in the food company.

The Bakers claim that they have received only four percent of the publicly stated $16 million in revenue their food business has generated since they made a deal with the Shark Tank investor.

Source

The Daily Allegiant