Anna Kaplan is a news and trending reporter for TODAY.com.
F45 Training, a fitness brand which Mark Wahlberg is a part owner of, reached an agreement to dismiss a lawsuit brought by David Beckham's company last year, the company said in a press release on June 6. Beckham's company DB Ventures Limited filed a lawsuit in the U.S. District Court of Central California in April 2023, alleging the company failed to pay him as the brand’s global ambassador.
“Despite DBVL upholding its end of the bargain, however, F45 failed to issue substantial cash and equity compensation to DBVL as required by the parties’ agreement,” Beckham’s attorneys wrote in the complaint. F45 Training's stock price dropped significantly over the course of the eight-month period, where Beckham's attorneys sent multiple letters asking for the alleged breach of contract to be rectified, according to the complaint.
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