A federal judge has dismissed a $600 million antitrust lawsuit filed by former Los Angeles Clippers owner Donald Sterling against the NBA and his wife Shelly Sterling.
In the Tuesday order, US District Judge Fernando M. Olguin said he was “skeptical Sterling suffered any injury at all, let alone an antitrust injury” by the sale of the team for $2 billion to ex-Microsoft CEO Steve Ballmer and called other parts of the lawsuit implausible.
Donald Sterling, 81, had claimed in the lawsuit that he could have got more than that for the team but the circumstances of the sale “markedly reduced” the price.
Shelly Sterling’s attorney Pierce O’Donnell said in a statement that the dismissal “puts a merciful end to his quixotic litigation campaign over the sale for the record-shattering price of $2 billion.”
O’Donnell added that, “Ironically, Donald, in defeat, is the beneficiary of $2 billion, secured by Shelley in her courageous battle in doing the right thing to protect her family and ensure that her beloved team would be sold to a conscientious owner who would take the team to the next level of excellence.”
Donald Sterling’s attorneys did not immediately respond to a request for comment. The NBA declined to comment.
Full Content: Chicago Tribune
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Nvidia and Microsoft Sued for Allegedly Undercutting AI Technology Patent Prices
Sep 5, 2024 by
CPI
White & Case Strengthens Antitrust and M&A Practices with New Partner Additions
Sep 5, 2024 by
CPI
Federal Judge Dismisses Antitrust Lawyers’ Fee Demand Over JetBlue-Spirit Deal
Sep 5, 2024 by
CPI
Boston Landlords Named as US Sues RealPage Over Alleged Rent-Inflating Practices
Sep 5, 2024 by
CPI
Judge to Weigh Landmark NCAA Settlement Proposal in Antitrust Lawsuit
Sep 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Canada & Mexico
Sep 3, 2024 by
CPI
Competitive Convergence: Mexico’s 30-Year Quest for Antitrust Parity with its Northern Neighbor
Sep 3, 2024 by
CPI
Competition and Digital Markets in North America: A Comparative Study of Antitrust Investigations in Mexico and the United States
Sep 3, 2024 by
CPI
Recent Antitrust Development in Mexico: COFECE’s Preliminary Report on Amazon and Mercado Libre
Sep 3, 2024 by
CPI
The Cost of Making COFECE Disappear
Sep 3, 2024 by
CPI