Ex-Celtics Owner Pallotta Defeats Lawsuit Over AS Roma Financing

The ownership group that sold Italian soccer club AS Roma SpA last year, led by former Boston Celtics co-owner James Pallotta, dodged investor claims in Delaware on Thursday over the holding company’s earlier refinancing at a time when the pandemic had temporarily scuttled the team’s sale.

Vice Chancellor Paul A. Fioravanti Jr. dismissed the case from Delaware’s Chancery Court, saying the squeeze-out claims by several small holders of equity in AS Roma SPV LLC were both implausible in the first place and rendered moot by its 197 million euro deal in August with the Friedkin Group.

Although the two sides ...