Karma hits back. That is probably the thought running through Jack Nicklaus tonight as he reads the news. The long-running feud he had with the company that bears his name has taken yet another dramatic turn. Just weeks ago, the 18-time major champion prevailed in the defamation case . And now, a direct result of that lawsuit has shown the company an exit door from its business.

On Friday, Nicklaus Companies LLC announced that it had filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware. A statement issued by the company claims that last month’s $50 M defamation judgment awarded to Nicklaus has caused severe financial strain.

Hence, it was taking this decision. In the meantime, it hopes to stabilize the finances and address other financi

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