Mayfield and his wife, Emily, filed the suit on Friday, and the two are looking for nearly $12 million in damages. Camwood Capital Management Group, which was founded by Mayfield’s father, is the defendant in the case.
According to the lawsuit, Camwood Capital transferred over $12.2 million from Mayfield and his wife “without authorization” for years (2018-21). The two sides agreed to a settlement that required James Mayfield’s business to dish out $11.7 million to the plaintiffs, but not a single payment for that settlement has been made.
Multiple companies are being sued, as they are considered “a collection of interconnected entities with common ownership.” Texas Contracting Manufacturing Group, Unitech Tool & Machine, Apex Machining and Lor-Van Manufacturing join Camwood Capital on the defense.
Baker Mayfield and his wife are claiming that those entities breached contract following the settlement.
“Once Plaintiffs began to uncover Defendants’ misconduct and sought answers to explain the taking of their assets, Defendants attempted to obscure the relevant information, avoided Plaintiffs’ inquiries, and invented fictional explanations for their actions,” the lawsuit reads.
The first payment of the settlement — $250,000 — had a Sept. 30 deadline that was never met. None of the companies involved answered the Mayfields when they were reached out to regarding the missed payment.
Baker Mayfield, 29, is currently on a three-year, $100 million deal with Tampa Bay.