March 22, 2009
Astrologer Mercado seeks name rights
Astrologer Walter Mercado says he is intent on winning back the legal rights to his famous name from a Miami promoter.
Following a federal jury's ruling that the so-called Liberace of Astrology violated his contract with promoter Bill Bakula, Mercado said he has no plans to stop offering horoscope predictions, The Miami Herald reported Saturday.
Bakula sued Mercado after the astrologer attempted to break ties with him amid claims he owed Mercado $5 million.
Mercado told the Herald he should have seen this coming.
''I give thanks to my celestial father. In the end, I'll be free of having to work with someone who I should have known better than to work with. He always had a darkness around him," Mercado said.