April 23, 2014
DETROIT (AP) -- A Michigan judge says former Detroit Red Wings star Sergei Fedorov is entitled to $60 million from a man accused of failing to meet a loan obligation to the hockey player.
Wayne County Circuit Judge Kathleen MacDonald made the ruling Friday and her clerk confirmed the decision Monday.
Fedorov says Joseph Zada of Grosse Pointe Shores swindled him out $43 million during the past 11 years. He allegedly promised to repay the former player $60 million by April 20.
Zada's attorney, Benjamin Aloia, said his client should have more time to respond to the lawsuit. Peter Alter, one of Fedorov's attorneys, told the Detroit Free Press that the judgment "is an important and necessary step" in the case.