Tiger Woods lost a lawsuit and a judgment was rendered against the pro golfer in Miami-Dad Circuit Court last week. Woods who had violated a licensing contract, in which he promised to provide autographs and pictures, now has to pay more than $1 million to the company.
According to Golf Digest Magazine on March 13, Gotta Have It Golf was awarded $668,000 in damages and with interest on that money it brought the total up to about $1.3 million. The company’s lawyer, who is very pleased with the verdict said this “has been a long time coming.”
The Gotta Have It Golf Co. is in the process of trying to sue for the more than $1 million in legal fees this lawsuit has cost them, but that decision is still in the hands of the court. The licensing agreement that the Gotta Have it Golf Co. had with Wood’s company, ETW, dates back to 2001.
Wood’s company ETW will most likely appeal the decision