Former NFL Team Co-Owner Sues Bank of America Over 'Improper Financial Dealings'

Robert Rothman alleges the bank conspired with Daniel Snyder, leading to serious financial harm and seeks at least $75 million in damages.

Robert Rothman, former minority partner in Washington’s NFL team, has filed a federal lawsuit against Bank of America, accusing it of 'improper financial dealings' during the process that led to Daniel Snyder purchasing his former co-owners’ shares in 2021.
The lawsuit alleges that Bank of America and other defendants violated federal and state law and conspired with various individuals and entities, resulting in serious financial harm to Rothman.
Rothman alleges that Bank of America turned a blind eye to financial red flags raised by Snyder's financial mismanagement of the team, including an increasing reliance on debt and failure to pay his partners their quarterly share of profits.
The lawsuit claims that the sale of the Commanders for $6.05 billion in July 2023 was the culmination of Bank of America's and Snyder's conspiratorial conduct.
Rothman is seeking at least $75 million in compensatory damages.