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David Beckham sues Mark Walhberg for $14 million as bitter gym feud reaches new heights

In a civil complaint, Beckham claimed he lost over US$14 million after F45’s stock price dropped rapidly and was delisted.

F45’s stock price fell rapidly after February 2022, causing the value of Beckham’s potential shares to lose an estimated $9.3 million by the time he was finally awarded them, his complaint alleges, and Beckham’s attorneys also allege F45 refused to hand over another $5 million in shares they were contractually required to pay him in July 2022. In September, California-based federal Judge Maame Ewusi-Mensah Frimpong denied a previous motion to dismiss the lawsuit brought by F45’s lawyers, finding Beckham fulfilled his obligations to F45, but the fitness company “did not make the issued shares freely transferable or tradeable.” The Australian fitness company is facing another class action securities fraud lawsuit filed in the Western District of Texas, where its Austin headquarters is located.

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