Schultz Drops Lawsuit Against OKC NBA Team
POSTED: 6:54 pm CDT August 29,
2008
UPDATED: 7:06 pm CDT August 29,
2008
OKLAHOMA CITY -- The Seattle Times reported Friday night that Starbucks executive and former Seattle Supersonics owner Howard Schultz has dropped his lawsuit against the Oklahoma City NBA franchise.The suit was intended to reverse his 2006 sale of the basketball team to an ownership group led by Clay Bennett.Schultz' suit had been scheduled to go to trial in the summer of 2009, but a pair of recent rulings from Judge Marsha Pechman did nothing to raise his confidence that his suit had any chance.
The new Oklahoma City NBA franchise will announce its team nickname, logo and colors on Sept. 3. You can watch that news conference live on KOCO.com.Stay tuned to SportsXtra for further details on this story.Read the Seattle Times story.
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