McBroom, said he doesn’t see the sense of Simply Greatness filing for bankruptcy. LiveXLive also said that creditors have told it to hold on to funds out of concern that if they are given to Simply Greatness, they won’t be paid.īobby Samini, a lawyer representing Mr. McBroom, it also faces payment claims from fighters, investors and others. LiveXLive said that, because of actions by Simply Greatness and Mr. Simply Greatness has retained bankruptcy lawyers at Pachulski Stang Ziehl & Jones LLP, which said in June the business would have to work out creditor claims or likely file for court protection due to the event’s “underperformance,” according to court papers. McBroom and Simply Greatness agreed to, such as ensuring that fighters deliver social media posts with links for buying tickets, went unfulfilled. The LiveXLive complaint said compensation promised to some of the event’s fighters was “senseless.” It also said Social Gloves wasn’t adequately financed, and simple marketing tasks that Mr. They claim they are owed a total of roughly $2.7 million for their respective boxing matches. McBroom, who also has been sued by singer Tayler Holder and musician Nate Wyatt. LiveXLive is seeking $100 million in damages from Simply Greatness and Mr. In court papers, Simply Greatness said it has suffered “crippling” debt and is unable to negotiate with or pay investors, talent and fighters, despite putting on an event with “a well-attended stadium, billions in social media impressions and near-universal positive feedback.” Household Retailer Boxed Is Negotiating With Lenders for Bankruptcy Sale March 14, 2023.Mitel Minority Lenders Sue Over Rivals’ Debt Restructuring March 15, 2023.Theater Advertiser National CineMedia Plans to Cede Control to Lenders March 16, 2023.
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