Saudi Arabia’s public investment fund lost its bid to set aside subpoenas from PGA Tour Inc.—which is locked in litigation with Saudi-backed LIV Golf Inc.—and immediately appealed.
Judge Beth Labson Freeman ruled against the fund and its governor Thursday, upholding a federal magistrate decision unsealed April 3. Freeman rejected their argument that the fund is covered by sovereign immunity, which can shield foreign governments from many forms of legal liability and certain aspects of the litigation process. She cited the exception for ordinary commercial activity.
The fund offered “large financial incentives for top golfers to sign long-term, exclusive contracts with ...
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