Thwarted Trail Blazers Buyers Go to Court over Team's Sale to Panda Express Founders

Court action from Portland Thorns, Fire ownership group could complicate Trail Blazers’ sale

The owners of two of Portland’s major sports franchises have sparked a legal fight over who might be among the owners of the city’s highest-value team, as the Portland Trail Blazers’ future enters a defining moment. As first reported by the legal news website, Law360 and The Oregonian/Oregonlive, RAJ Sports has filed for a temporary restraining order against part of the ownership group whose $4.25 billion bid for the Blazers was recently accepte…

Thwarted Trail Blazers buyers go to court over team's sale to Panda Express founders

RAJ Sports filed a lawsuit in Delaware against the Cherng family, key members of the Blazers' new ownership group.

New lawsuit could disrupt sale of Portland Trail Blazers

The lawsuit claims Andrew and Peggy Cherng, founders of Panda Express, violated a confidentiality agreement when they became part of the investor group seeking to buy the team.

New Lawsuit Could Interfere With Trail Blazers Sale

A new lawsuit could disrupt the sale of the Portland Trail Blazers to a group of investors led by Texas businessman Tom Dundon, according to a report published by Law360. The lawsuit, filed Monday by RAJ Sports Holding LLC in Delaware, seeks to prevent the founders of Panda Express from joining Dundon’s investment group to […] The post New Lawsuit Could Interfere With Trail Blazers Sale appeared first on Basketball Insiders | NBA Rumors And Bask…

RAJ Sports Sues Over Sale of Blazers Minority Stake

The co-owner of the Kings and majority owner of WNBA and NWSL teams is seeking a court order blocking a buyer of a minority stake in the Blazers.