New Delhi, Aug. 30 -- Two minority owners of the Phoenix Suns have sued the team and its controlling owner Mat Ishbia, demanding to see records in order to investigate the status of the team's business and financial condition.
According to a redacted copy of the lawsuit that was filed last week in Delaware Court and obtained by The Associated Press, Kisco WC Sports II, LLC, and Kent Circle Investments, LLC, allege that Ishbia and Suns Capital Group are depriving other members of ownership with basic information about the management of the team.
"Our clients sued to obtain records to which they are entitled as minority owners of the Suns," Michael Carlinsky, a co-managing partner of Quinn Emanuel Urquhart & Sullivan and attorney for the ...
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