Ice Cube and Jeff Kwatinetz, founders of the Big3 basketball league, filed a $1.2 billion lawsuit on Thursday. The founders are suing a group of investors from Qatari for breach of contract. The investors claimed to have high-profile wealthy connections, but only paid half of the money they agreed to invest. According to Deadline, the documents filed with the Los Angeles Superior Court accused the Qatari group of defamation, libel and interference with contractual relationships. Also, one of the investors spread false and harmful rumor about Kwatinetz, referring to the Black players as “Rich Nigg-s. Investors also told players and outsiders that the league was being poorly managed. The lawsuit states,”When Ice Cube and Jeff Kwatinetz pursued their lifelong dream of starting a basketball league from the ground up, and invested their personal assets and time in doing so, the last thing on their list of plausible concerns and impediments would be the malicious and reckless conduct of foreign actors and compromised agents and actors working on their behalf.” Read more at Deadline.com.
