A lawyer hired by the New York Yankees to oversee distribution of grants to Bronx charities has sued the nonprofit organization established to divide up the money, alleging its chairman mismanaged funds, reports The New York Times.

Michael Drezin claims Serafin U. Muriel, who heads the New Yankee Stadium Community Benefits Fund, shortchanged the charity by depositing $800,000 provided by the baseball team into a non-interest-bearing and largely uninsured account at a bank Mr. Muriel co-founded. Neither Mr. Muriel nor his lawyer provided comment for the article.

The charity fund was created in 2006 as part of an agreement between the Yankees and city officials in connection with the new ballpark, which opens Friday with a Yankees-Cubs exhibition game.

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