Donald Sterling files a new lawsuit
LOS ANGELES -- Donald Sterling filed a suit in Superior Court on Tuesday afternoon seeking damages from the NBA, commissioner Adam Silver and his wife Shelly Sterling, alleging they defrauded him and violated corporate law in attempting to sell the franchise to former Microsoft CEO Steve Ballmer.
Sterling asked for an injunction to freeze the $2 billion sale, arguing that his wife had no authority to sell the franchise because he is the sole owner and shareholder of the corporation which owns the Clippers, after he revoked the Sterling Family Trust on June 9.
"The new lawsuit states the seller of the team is not Donald, and it's not Shelly -- the seller of the team is the corporation that owns the team, and that's LAC Basketball Club Inc.," Donald Sterling's attorney, Bobby Samini, said Tuesday. "When Donald bought the team, the shares of the corporation are only in Donald's name. They were only issued to Donald, so Donald owns the shares of the corporation. He's the sole shareholder. He put the shares up into the trust in 1989, and when we revoked the trust, the shares go back down to him."
The NBA said it had no comment on Sterling's latest lawsuit.
http://espn.go.com/los-angeles/nba/story/_/id/11249995/donald-sterling-sues-nba-wife-shelly-sterling-adam-silver-lac-basketball-club-damages
