In this June 18, 2012 file photo, former heavyweight boxer Mike Tyson announces "Mike Tyson: Undisputed Truth" a one man show on Broadway, in New York. Tyson and his wife sued SFX Financial Advisory Management Services, a subsidiary of Live Nation Entertainment on Wednesday Feb. 20, 2013 claiming a former employee of the financial services company embezzled more than $300,000 from them and cost them millions in lucrative contracts. (Photo by Evan Agostini/Invision/AP, file)

Tyson sues Live Nation over alleged embezzlement

Mike Tyson sued a financial services firm owned by Live Nation Entertainment on Wednesday, claiming one of its advisers embezzled more than $300,000 from the former heavyweight champ and cost him millions more in lost earnings.

The lawsuit claims that Live Nation and its company SFX Financial Advisory Management Enterprises haven't given the boxer and his wife, Lakiha, a full accounting of their losses. The company returned some of the embezzled money but wanted the Tysons to sign a nondisclosure agreement, which they refused, the suit states.

The lawsuit seeks more than $5 million in damages for breach of fiduciary duty, negligent hiring, unjust enrichment and other claims.

A spokeswoman for Live Nation Entertainment Inc. said the company had not been served with the lawsuit and could not comment on it.

The lawsuit claims the embezzlement prevented the Tysons from emerging from bankruptcy, and forced them to hire new advisers and turn down lucrative contracts. The couple trusted Brian Ourand, their adviser at SFX, so much that he attended their wedding, the case states.

Ourand, who could not be reached for comment, has since left SFX, according to the lawsuit. The filings claim his conduct has not been reported to regulators.

"Defendants did not secure, protect, safeguard and appropriately apply the Tysons' finances for their intended purposes," the case states, "but instead misappropriated said funds for the benefit and enrichment of SFX/Live Nation.

The former boxer has broadened his career in recent years. He appeared in "The Hangover" and is leading a one-man autobiographical show, "Undisputed Truth."

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Judge dismisses Axl Rose case against Activision

Anthony McCartney, AP Entertainment Writer

A judge has ruled that Activision Blizzard Inc. did not violate an agreement with Axl Rose to prevent the inclusion of guitarist Slash in a "Guitar Hero" video game and has dismissed a lawsuit filed by the Guns N' Roses frontman.

Superior Court Judge Charles Palmer dismissed the case on Wednesday, court records show. He agreed with attorneys for Activision that the gaming company never agreed to keep Slash's likeness out of the game in exchange for the rights to use the Guns N' Roses hit "Welcome to the Jungle."

Rose sued Activision in November 2010 seeking $20 million in damages from the company. He claimed he allowed Activision to use "Welcome to the Jungle" in the game on the condition that Slash and his band, Velvet Revolver, not appear in the

This Dec. 7, 2012 file photo shows Axl Rose, lead vocalist of Guns N' Roses performing during their concert in Bangalore, India. A judge on Wednesday Feb. 20, 2013 dismissed Rose's lawsuit against Activision Blizzard Inc. The Guns N' Roses rocker had claimed the gaming giant violated an agreement not to feature guitarist Slash in a "Guitar Hero" video game. (AP Photo/Aijaz Rahi, file)
game.

Rose has been trying to distance Guns N' Roses from Slash since he left the band in 1996, his lawsuit stated.

"Guitar Hero III" featured a digital version of Slash, complete with distinctive top hat, dark glasses and curly black locks.

Email messages sent to lawyers for Rose and Activision were not immediately returned.

In October, Santa Monica, Calif.-based Activision settled a lawsuit filed by the band No Doubt claiming their digital likenesses were misused in a similar game, "Band Hero."

In both cases, Activision denied wrongdoing.

Copyright 2013 The Associated Press.