Jack Nicklaus Fights IP Sale in His Former Company’s Bankruptcy

Golf star Jack Nicklaus opposed a request to sell the assets of his former golf services business, including intellectual property he claims to have veto rights over, and objected to the terms of a motion to fund the bankruptcy case.

Nicklaus contended that he holds veto rights over the use, sale, or transfer of IP through his ownership of a “Class C unit” in the company. Those rights are being ignored in the proposed transactions, he said in a Jan. 2 filing with the US Bankruptcy Court for the District of Delaware.

Nicklaus Cos. was founded in May 2007 when ...