Hewitt takes on former management over finances

April 29th, 2009 - 6:14 pm ICT by ANI  

Lehman Brothers Melbourne, Apr.29 (ANI): Australian tennis star Lleyton Hewitt is engaged in a bitter legal battle with his former management over alleged financial misappropriation and lost investment opportunities.

The Australian Supreme Court has been told that Octagon is suing Hewitt for undisclosed millions for loss of merchandising and management fees, claiming Hewitt breached his exclusive representation contract with them.

The firm claims Hewitt invested hundreds of thousands of dollars offshore and took up to two million dollars a year from his bank account as personal expenses.

Hewitt, on the other hand, has complained that Octagon, failed to make enough money for him - including not investing in Lehman Brothers, a US firm that spectacularly collapsed last year.

Hewitt claims Octagon botched his financial plans and owes him up to 300,000 dollars in lost investment opportunities, the Daily Telegraph reports. (ANI)

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