The NBA league office announced that it had settled with the Sterling Family Trust. Donald Sterling’s lawyer moves forward with $1 billion lawsuit: “Not dropping. Just filed it.”
The NBA league office announced late Friday that it had settled the Los Angeles Clippers ownership dispute with Shelly Sterling and the Sterling Family Trust. Meanwhile, Donald Sterling’s attorney, Maxwell Blecher, states that a $1 billion lawsuit against the league is moving forward.
Not dropping. Just filed it,” Blecher replied to Hollywood Insight in response to the NBA statement. The attorney had earlier stated that a suit would be filed on Friday “seeking $1 billion in damages.”
The complaint names Donald Sterling and the Sterling Family Trust as plaintiffs against the NBA and Commissioner Adam Silver. The May 30 filing alleges “violations for denial of constitutional rights,” “breach of contract” and “anti-trust violations” along with a demand for a jury trial.
The league statement confirms that the Clippers will be acquired by former Microsoft CEO Steve Ballmer for $2 billion and that a June 3 hearing by the NBA Board of Governors would be canceled.
“Mrs. Sterling and the Trust also agreed not to sue the NBA and to indemnify the NBA against lawsuits from others, including from Donald Sterling,” the league statement reads.
Ballmer issued his own thanks to Shelly Sterling for negotiating the sale. “I thank Shelly Sterling for her willingness to entrust the Clippers franchise to me, and I am grateful to NBA Commissioner Adam Silver and his colleagues for working collaboratively with me throughout this process,” Ballmer’s statement read.
A group led by music mogul David Geffen had withdrawn their bid for the team a day prior. The agreed upon price is the highest sale figure ever for an NBA team.
Sterling had originally purchased the Clippers for $13.5 million in 1981.