An investor in the NBA’s Phoenix Suns and the WNBA’s Phoenix Mercury on Friday dropped a court case demanding financial information from affiliates of billionaire majority owner Mat Ishbia days after he countersued.
The lawsuit seeking documents from Suns Legacy Holdings LLC was brought by Kisco WC Sports II LLC, an affiliate of Andrew Kohlberg, the retired professional tennis player who owns the Spanish soccer club RCD Mallorca. Friday’s filing in Delaware’s Chancery Court didn’t indicate why Kohberg is backing off or if he reserved the right to refile.
Ishbia’s net worth of $9.3 billion ranks him No. 370 on ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.