Shark Tank investor Daymond John has appeared on the show multiple times. Daymond is the founder of FUBU, he is also a New York best-selling author. He has written books such as The Power of Broke in 2016 and Rise and Grind in 2018 alongside a children's book Little Daymond Learns to Earn.
During his time on the ABC reality TV series, Daymond has partnered with many young aspiring entrepreneurs and invested in small businesses. However, when it came to his deal with Shark Tank contestant Al “Bubba” Baker, things didn't go as planned. The season 5 contestants made "defamatory" remarks against Daymond and Rastelli Foods.
According to the LA Times article published on July 21, 2023, Daymond released a statement mentioning he had no access to the Bakers' earnings and the claims made about his work ethic were false. He shared that he has always "upheld transparency" when it comes to signing deals with new entrepreneurs, Daymond said:
"Today’s decision against the Bakers, their company, and their false statements is a moment of vindication. The actual facts, the record and the federal Judge’s opinion have confirmed that I did not — and could not have — committed any wrongdoing. I have always upheld transparency and honesty throughout my journey as an entrepreneur.”
what happened between Shark Tank investor Daymond and the Bakers?
Former Shark Tank contestants including Al “Bubba” Baker, his daughter, Brittani, and his wife Sabrina faced a major conflict with investor Daymond. The Bakers claimed that their experience working with Daymond was unpleasant. As per the Bakers, since their time on the ABC reality show, their business relationship with Daymond was a "nightmare" scenario for them.
The Shark Tank contestants discussed this on their social media platforms and talked about their work experience with Daymond. According to an LA Times July 21, 2023 article, the court ruling stated a preliminary injunction and confirmed a restraining order against the bakers. This was granted by Judge Robert Kugler, in his order, he mentioned:
“All the Bakers’ posts are negative, disparaging, or both and certainly could impact DFV’s and John’s reputation, goodwill, and credibility. These posts clearly caused reputational harm that John will now have to deal with and counter.”
This order also meant that the Bakers must take down all posts on their social media related to Daymond. The posts were claimed as "negative, disparaging" and affected John's "reputation, goodwill and credibility." Later, Rastelli Foods Group vice president Ray Rastelli III released a statement which said:
“We firmly believe that the facts and evidence presented in court speak for themselves, which ultimately led to our successful outcome. The verdict serves as a clear illustration of our commitment to conducting our business in good faith and upholding ethical practices both now and in the future.”
It was also revealed that that due to the allegations made by Bakers, “a major television network canceled a show” that Daymond was a part of which the Network had “previously greenlit.” All Shark Tank seasons are available exclusively on ABC. Viewers can follow Daymond on his official social media accounts.