08-13-2014, 09:22 AM
The fat lady has sung...
Steve Ballmer became the official owner of the Clippers yesterday. Donald Sterling has been contesting his wife's right to sell the team, but he lost that legal battle and it doesn't look like his appeal will ever be heard.
Snip:
The sale of the Clippers closed after "the entry of an order by a California court confirming the authority of Shelly Sterling, on behalf of the Sterling Family Trust, to sell the team," the NBA said Tuesday.
"The NBA Board of Governors previously approved the sale and Ballmer is now the Clippers Governor," the basketball league said.
Pierce O'Donnell, an attorney for Shelly Sterling, said Tuesday evening that he had filed court papers opposing Donald Sterling's petition to an appeals court to direct the probate judge to vacate his order. He said the issue was moot because the family trust had received the $2 billion already.
"Donald Sterling's petitions are patently frivolous," he said.
Ballmer's attorney, Adam Streisand, agreed the legal move would fail.
"I'm confident the appellate court will agree (California probate Judge Michael) Levanas made the correct decision, and it's all academic now, because we already have a new owner of the Clippers," Streisand said.
On Ballmer's behalf, Streisand devised a legal strategy in probate court using "a provision so rarely invoked that most probate attorneys were unaware of its existence before the Sterling case," his law firm said.
That provision, called Section 1310(b), "authorizes the probate court to make an order to permit a trustee to carry out a transaction even if the court's decision is appealed to a higher court if delay would cause irreparable injury or loss," Streisand's law firm said.
Full story: http://www.cnn.com/2014/08/12/us/sterlin...?hpt=hp_t4
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Play ball...
Steve Ballmer became the official owner of the Clippers yesterday. Donald Sterling has been contesting his wife's right to sell the team, but he lost that legal battle and it doesn't look like his appeal will ever be heard.
Snip:
The sale of the Clippers closed after "the entry of an order by a California court confirming the authority of Shelly Sterling, on behalf of the Sterling Family Trust, to sell the team," the NBA said Tuesday.
"The NBA Board of Governors previously approved the sale and Ballmer is now the Clippers Governor," the basketball league said.
Pierce O'Donnell, an attorney for Shelly Sterling, said Tuesday evening that he had filed court papers opposing Donald Sterling's petition to an appeals court to direct the probate judge to vacate his order. He said the issue was moot because the family trust had received the $2 billion already.
"Donald Sterling's petitions are patently frivolous," he said.
Ballmer's attorney, Adam Streisand, agreed the legal move would fail.
"I'm confident the appellate court will agree (California probate Judge Michael) Levanas made the correct decision, and it's all academic now, because we already have a new owner of the Clippers," Streisand said.
On Ballmer's behalf, Streisand devised a legal strategy in probate court using "a provision so rarely invoked that most probate attorneys were unaware of its existence before the Sterling case," his law firm said.
That provision, called Section 1310(b), "authorizes the probate court to make an order to permit a trustee to carry out a transaction even if the court's decision is appealed to a higher court if delay would cause irreparable injury or loss," Streisand's law firm said.
Full story: http://www.cnn.com/2014/08/12/us/sterlin...?hpt=hp_t4
=========================================
Play ball...