“Shark Tank” star Daymond John has filed a gag order against former contestants of the show after they claimed that he cut them out of potential profits following his take over of their business, Bubba Q’s Boneless Baby Back Ribs. Here’s what we know so far.
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Daymond John – Reportedly Sent the Baker Family A Cease-and-Desist Letter
Nothing gets people more riled up than the feeling of being cheated out of their money. According to reports by Entertainment Tonight, Daymond John wants to obtain a temporary restraining order against former participants of the ABC reality show.
John filed for the order in connection to Al “Bubba” Baker, his wife, Sabrina, and daughter, Brittani, claiming that he took over their business, Bubba Q’s Boneless Baby Back Ribs, and proceeded to cut then out of potential profits after their appearance on Shark Tank.
John’s spokesperson, Zach Rosenfield, responded to the reports by issuing a statement to Entertainment Tonight denying Baker’s claims, and shedding light on the reason behind the star’s motivation to file for the retraining order.
According to the statement, John gave the Bakers the ability to “correct their violations,” adding, “It is unfortunate that it has come to this. This temporary restraining order is due to the Baker’s [sic] blatant actions to undermine a business partnership and the legal parameters they agreed to 4 years ago. Their belief that they can unwind poor business decisions through slanderous social media posts and articles will no longer be tolerated.”
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The Bakers alleged, per the Los Angeles Times, that when they appeared on the show back in 2013, they were offered $300,000 for 30 percent of the company.
The investment terms was later revisited and the offering changed to $100,000 for 35 percent of the company. At the time, the company also entered business with Rastelli Foods Group. However, even after the company brought in $16 million in revenue, the family claimed they only saw $4 percent of that money. They further claimed that Al Baker had been deliberately left out of important business decisions and meetings after John joined.
“The deal terms that aired were contingent on securing a licensing partner, which did not come to fruition,” John told the LA Times. “When we do deals on Shark Tank, these are based on 45-60 minute oral pitches with people who present well on TV on their ‘first date’ who are only providing their word and no written documentation to their business and its state of play.”
John has also extensively defended himself from the family’s attacks on social media since LA Times published the Bakers’ statement. Rastelli Food Group also joined in filing a temporary restraining order against the Bakers over the claims they have made, while John has sent them a cease-and-desist letter, demanding they stop “making public disparaging or defamatory remarks” against him and their associates since they were “in breach of the agreements” of their contracts.
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