This news came out last week while I was away. Scanning through the fanposts section looks like most of you missed it. If you haven't heard it Reggie "House" Bush has gotten a new legal team, that is looking to clean up the mess settle:
It took less than a week for Reggie Bush’s new legal team to come to a conclusion many have expected for almost three years.
Attorneys for Bush are working on a settlement with Lloyd Lake, the financier of a failed sports marketing company which reportedly gave Bush and his family nearly $300,000 in improper benefits during his sophomore and junior seasons at the University of Southern California. Lake has filed a lawsuit against Bush seeking to recoup $291,000. But Bush’s attorney Shawn Chapman-Holley told the Los Angeles Times she hoped to reach a settlement with Lake and end legal wrangling.
Chapman-Holley works alongside Howard Weitzman, the high-profile attorney Bush retained last week after dismissing his former representatives David Cornwell and the firm of Glaser, Weil, Fink, Jacob & Shapiro.
Since January of 2006, Lake and former New Era Sports & Entertainment partner Michael Michaels had sought to recoup cash and benefits they say they gave to Bush during his USC playing days. Michaels settled with Bush in April of 2007 for $300,000. A source close to the lawsuit told Yahoo! Sports that Lake’s settlement figure is expected to meet or exceed that amount.
So what is the consequence of a settlement? It will 'hinder' NCAA's ongoing 'investigation' (emphasis added):
A settlement with Lake could severely hinder an ongoing NCAA investigation, which has dragged out as investigators have waited for potential depositions in the suit brought by Lake. Among those who were expected to be deposed were Bush, his parents and possibly members of the USC coaching staff. But any settlement agreement would squash such depositions and likely contain a clause barring Lake from further aiding the NCAA’s investigation. Lake and his attorneys already had one lengthy meeting with investigators last year, in which physical evidence showing a financial relationship with the 2005 Heisman Trophy winner was turned over to the NCAA. If the NCAA rules that Bush received extra benefits during his playing career at USC, he could be ruled retroactively ineligible. Since some of the benefits date to the 2004 season, the Trojans’ national championship that season could be stripped. USC could face further NCAA sanctions and Bush’s Heisman could be in jeopardy.
I know implying that NCAA was actually sincerely thinking about investigating this scandal is lol funny. So I imagine those guys (along with everyone at Heritage Hall) are rooting hard for this case to settle so that they would have to do any work and let Petey run his scandal tainted program ... his way.
I am sure all of this ... is just shocking news.