PHILADELPHIA (CN) – Basketball great Oscar Robertson diverted money from his company, Oscar Robertson Document Management Services, and fired his partner, who owned 30% of the firm, for complaining of it, Leo Kelly claims in Federal Court.
The complaint names Oscar Robertson of Fairfield, Ohio, as defendant. It does not refer to Robertson’s NBA career. The company Web site identifies Robertson as the basketball legend.
Kelly claims Robertson gave him 30% ownership in the company on 2001 as part of his deal to help run the company, as its vice president. He also got $12,500 a month, which was increased to $14,500 a month in January 2006, Kelly says.
Kelly says he “began to suspect that Robertson was expending company funds for personal benefit,” and when he inquired about it, Robertson fired him on false pretenses, in January this year.
Kelly says he’s had to ask repeatedly for corporate documents, to determine how much Robertson still owes him, and that Robertson still hasn’t delivered the records.Kelly says Robertson owes him more than $75,000. He alleges breach of contract, fraud, conversion, and breach of fiduciary duty. He demands an accounting and punitive damages. He is represented by Sheldon Kivell with Eckert Seamans Cherin