Ric Flair Suing Digital Talent Agency FAM Networks Over Claims He Claims He Was Duped By Agency

The Independent reported that WWE Hall of Famer Ric Flair recently filed a lawsuit against FAM Networks, which is a digital influencer talent agency, over claims that the agency duped him into signing away the rights to his own image and likeness while promising but never paying a six-figure monthly revenue stream to him.

It was reported that Flair is suing the agency for $10 million and in the filing, it was stated that “What FAM did was simple: it waited until he needed help managing the digital legacy of everything he had built, presented him with a document he was not equipped to understand, told him he had lawyers when he did not, gave him fourteen minutes to read it, and walked away with a perpetual license to his identity.”

In the filing, Flair claimed that he has lost out on at least $250,000 in revenue so far that was promised to him.

The lawsuit claims that FAM Networks defrauded Flair by quietly taking control of his social media accounts, recategorizing them to make recovery near-impossible, and milked his persona for profits he never saw.

“FAM pledged 50 percent to Flair for ‘collaborative projects,’ and 10 percent for ‘passive content.’ FAM would also restore Flair’s ‘hacked, demonetized’ Facebook page, which it claimed would throw off six figures on a monthly basis. These were not aspirations. They were contractual obligations. FAM delivered none of them. It sourced not one speaking engagement. Not one in-person appearance. Not one personal project at the ninety percent royalty tier. It reposted existing content.”

FAM is alleged to have made as much as $20,000 a month on Flair’s Facebook page while paying him nothing in return.

Flair reportedly is currently asking a judge to rescind the agreement with FAM, to order control of his Facebook page returned to him, a declaratory judgment stating that FAM has no right to his name, image, or likeness, and for a “complete accounting of revenues generated in his name.”

Flair reportedly is also currently “demanding compensatory damages, among other things, of at least $5 million for breach of contract; compensatory and punitive damages of at least $5 million for fraudulent inducement; compensatory damages to be determined at trial for violations of New York Civil Rights Law; compensatory and punitive damages for tortious interference with prospective economic advantage, also to be determined at trial; and disgorgement of all amounts by which FAM “has been unjustly enriched at [Fliehr’s] expense,” plus attorneys’ fees and court costs.”