[ad_1]
Detroit Lions running back Adrian Peterson was ordered to pay nearly $ 8.3 million in summary judgment to a Pennsylvania loan company after a loan delinquent in 2016, Supreme Court records show. New York State.
DeAngelo Vehicle Sales LLC sued Peterson in 2018 after the running back failed to repay an initial sum of $ 5.2 million, including interest, as of March 1, 2017. Including interest in 2018 when the case went down Filed in the New York Supreme Court, DVS demanded $ 6,546,448.32 – then interest for each day it didn’t pay. That was over two years ago.
On Wednesday, DVS asked for $ 8,268,426.21, which includes ongoing interest of $ 2,207.12 per day on the loan that has not been repaid. Interest, which was 16%, will drop to 9%, which is New York State law, in the future.
In the original settlement agreement, which Peterson notarized on October 22, 2019, Peterson acknowledged “the existence and continuation of its default under the loan and applicable loan documents, and that Peterson’s obligation under of the loan is immediately due and payable ”.
Peterson did not repay the loan on the agreed original date of March 1, 2017 and after DVS filed a lawsuit in 2018. In 2019, Peterson signed a settlement agreement, which required him to make payments of $ 50,000 on October 18 and October 31, 2019, with a payment of $ 2.25 million on November 11, 2019, and then a final payment of $ 25,000 within 10 days of the Washington football team taking over their option for the 2020 season. If Peterson defaults on the settlement agreement, he would have to pay the full original loan amount plus interest.
DVS attorney Jeffrey Reina told court Wednesday that Peterson had repaid $ 165,000 from the original agreement. Reina told the court that he had heard neither Peterson nor Doug Wolfe, only the Hon. Paul B. Wojtaszek said this was the “last known performance” of Peterson.
Peterson did not appear in court and no one was representing him. His original lawyer in the case, Scott Philbin of Bond, Schoeneck & King, stepped down in August 2020. Messages left with Philbin and Lauren Renschler, who is Peterson’s publicist, were not returned to ESPN .
Peterson, according to Spotrac, made $ 102,803,319 during his career, including $ 1.05 million last season from the Lions.
[ad_2]
Source link