Anyone hear about RR getting served on a lawsuit during practice today?

Submitted by Catholepistimiad on
I've been told that RR got slapped with service on a suit arising from a biz deal-gone-wrong in Virginia. Seems like a $4M deal went bad. Anybody else hear this? Do we need any new shit right now?!
MGoBoard
lawsuit
Rich Rodriguez

tomhagan

September 1st, 2009 at 2:46 AM ^

Yeah its posted below... he guaranteed (like a co-sign) a loan for some developers in WVU and when they defaulted on the payback, now they are looking for him to pay it since he guaranteed it. Private business deal, though it shows that RR should check who he gets in to business with...has NOTHING to do with anything else....and wouldnt amount to anything normally.... but look for Rosendousharp to spin it in to a "big story" in the AM edition, which will get picked up and spun worldwide by everyone else.... The Witch Hunt is on and we have front row seats.

Joined: 08/30/2008

MGoPoints: 105

noshesnot

September 1st, 2009 at 6:47 AM ^

When I read this post, I honestly thought it was a joke about leaving West Virginia and the buyout fiasco... Is it sadder that this was my first thought, or that my first thought wasn't right?

Joined: 12/09/2008

MGoPoints: 2

bouje

September 1st, 2009 at 8:32 AM ^

Gone awry in this market? Up next: RR causes the financial collapse! No shit people are going to back out of a loan to do this.

Joined: 09/30/2008

MGoPoints: 4705

Raback Omaba

September 1st, 2009 at 9:08 AM ^

As a commercial real estate professional myself, I would have to say that this development is no big deal. If I had a dollar for everyone person I knew (both personally and professionally) that defaulted/is in workout on a CRE loan, I would be a very rich man. From a business/personal perspective, if RR should be fine.

Joined: 03/07/2009

MGoPoints: 1629