18-time Major winner Jack Nicklaus has spoken publicly for the first time since he won a $50 million defamation lawsuit against his former company earlier this month.
Not only that, but Nicklaus Companies was also adjudged to have actively shared the fabricated claims with a number of media organizations.
In another section of the same suit, Nicklaus said officials at his former business spread false rumors that he was suffering from dementia and therefore lacked the mental capacity to properly manage his business affairs.
At the end of a trial which lasted more than two weeks and was the final act in a suit which ultimately began in April 2023, a jury took Nicklaus’ side and agreed the ordeal had damaged his reputation and exposed the octogenarian to “ridicule, hatred, mistrust or contempt.”
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While the jury did find against Nicklaus Companies, it cleared Howard Milstein – the billionaire banker who now owns the business – and executive Andrew O’Brien of personal liability despite the pair being individually named in the suit.
Days after the gavel came down, Nicklaus spoke on a panel at PGA National prior to the Integra Connect Classic – which benefits Conquer Cancer – about exactly why he was so keen to enter into this process in the first place.
In quotes first shared by The Palm Beach Post, he said: “I did this thing more for my family than for me. My legacy that I will have through the years will be very important to my family.
“I’m 85 years old, how long will I be around? I don’t know. It’s not about me. It’s about the future and family. But, basically, a big load off my shoulders.”
Legal proceedings were initiated by Nicklaus Companies back in May 2022, almost five years after the Ohio State University alumnus retired from his executive role with the business.
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Towards the end of a five-year non-compete clause, Nicklaus sought arbitration to find out whether he could use his own name in business again.
At that point, Nicklaus Companies filed the…
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