Former Duke basketball player Lance Thomas settles jewelry lawsuit

Former Duke basketball player Lance Thomas has reached a settlement with the jeweler suing him for defaulting on his payment.

“We have reached a settlement,” Mike Bowers, the attorney for Raefello & Co. wrote in an email. “I cannot make further comment.

Thomas purchased $97,800 worth of custom jewelry on Dec. 21, 2009, while the team was on winter break. He made a $30,000 down payment and signed a purchase agreement that said he would pay the remaining $67,800 within 15 days.

Raefello & Co. filed a lawsuit in January after repeated attempts to collect payment. Bowers confirmed to the News & Observer last week that his client had declined to speak with the NCAA about a possible extra benefits investigation.

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