Golf Business Founded by Nicklaus Seeks Bankruptcy

Nicklaus Cos., a golf-course designer and marketer of Jack Nicklaus products, has filed for bankruptcy after being hit with a $50 million defamation verdict in favor of the legendary golfer and company founder.

- BY BECKY YERAK

The Palm Beach Gardens, Fla.-based company lost a defamation lawsuit to Nicklaus last month stemming from allegedly false statements about how Nicklaus wanted to accept a leadership role with LIV Golf, the Saudi-backed league. Nicklaus Cos. also o