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Jack Nicklaus’s former company has filed voluntary Chapter 11 bankruptcy cases after the golf legend won a $50 million award in a defamation lawsuit against the company last month.

Nicklaus filed the 2023 lawsuit against Nicklaus Companies LLC; the company’s executive chairman and billionaire banker Howard Milstein; and executive vice president of Nicklaus Companies Andrew O’Brien. It centered on statements made in another lawsuit filed in New York.

Nicklaus’s attorneys argued that the New York lawsuit included false claims that Nicklaus wanted to accept a leadership role with the controversial Saudi golf league LIV Golf, and those claims were widely circulated to news reporters, clients and others in the golfing world.

In October, the Pal

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