Dodgers owner Mark Walter sued over alleged failure to disclose federal probe to policyholders
The suit says 67-year-old Ira Rosner was not told about the probe before his policy’s withdrawal deadline and seeks damages for fraud and contract claims.
- On Wednesday, 67-year-old Florida man Ira Rosner filed a class-action lawsuit in District Court in Miami against Los Angeles Dodgers owner Mark Walter, alleging he failed to disclose an ongoing federal investigation to insurance customers.
- Walter has been under investigation since last year by the Attorney's Office for the Southern District of New York and the Securities and Exchange Commission following a whistleblower complaint regarding misrepresented loans between his portfolio companies.
- The lawsuit names TWG Global Holdings, Guggenheim Partners, Delaware Life Insurance, and Clear Spring Life and Annuity as defendants, with Rosner claiming companies directed policyholders' "money into Walter's" other businesses while concealing the probe until June.
- Amid legal scrutiny, Walter sold the Los Angeles Lakers and his stake in English Premier League club Chelsea with Todd Boehly; TWG Global denied wrongdoing last month regarding the probe.
- The Los Angeles Dodgers have maintained Walter has no plans to sell the team, while the Lakers sale—completed less than a year after he purchased the NBA franchise from the Buss family—remains under league review.
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Mark Walter, owner of the Dodgers, is facing a lawsuit for alleged fraud related to his insurers and their investments.
The Toronto Star
Dodgers owner Mark Walter sued over alleged failure to disclose federal probe to policyholders
MIAMI (AP) — Los Angeles Dodgers owner Mark Walter and multiple insurance companies he owns have been sued, alleging they failed to disclose an ongoing federal probe to customers while
Los Angeles Dodgers Owner Accused Of Insurance Fraud In New Lawsuit While Under Federal Investigation
Los Angeles Dodgers owner Mark Walter faces insurance fraud allegations in a new class action lawsuit amid an ongoing federal investigation. Walter, Delaware Life Insurance Company, Group 1001, TWG Global, and Guggenheim Partners are all named as defendants in the complaint. According to the lawsuit, the companies allegedly misrepresented the degree to which investments backed […]
Dodgers owner Mark Walter hit with fraud lawsuit amid ongoing federal investigation
Dodgers owner Mark Walter was named as a defendant in a class-action fraud lawsuit brought by a client of one of his insurance companies amid an ongoing federal investigation into his business empire.
Mark Walter, owner of the Dodgers, was named in a class action suit for fraud related to undisclosed Delaware Life loans.
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