A PYMNTS Company

US: Sterling settles antitrust lawsuit over LA Clippers sale

By  |  November 20, 2016

Former Los Angeles Clippers owner Donald Sterling has dropped a lawsuit that claimed the NBA, his wife and others conspired to illegally sell the team for $2 billion. Sterling’s lawyer, Bobby Samini, says he filed a request Friday to have the federal appeals case dismissed. Samini says a settlement was reached. He won’t reveal details but says Sterling’s “very happy with the outcome.” However, the lawyer for his wife, Shelly Sterling, calls it a capitulation.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The NBA says it’s pleased that Sterling has dropped the suit. Sterling was banned from the NBA for life in 2014 after it was revealed he’d made racist remarks. His antitrust suit was filed in 2014 after his wife agreed to sell the Clippers to ex-Microsoft CEO Steve Ballmer. A judge dismissed the suit in March.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full content: Forbes

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.