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LOS LeBron 11 Watch the Throne
C Testimony in the weeks-long probate trial between Donald Sterling and his estranged wife, Shelly, concluded Wednesday, with closing arguments set for Monday in a case that could help lead to resolution of Shelly's impending $2 billion sale of their Los Angeles Clippers to former Microsoft CEO Steve Ballmer.Donald's side finished presenting its case and did not, as Nike Mercurial Soccer Cleats
recall Shelly to the stand.Judge Michael Levanas advised the attorneys to focus on three issues in their arguments:*Whether Donald was properly removed from the Sterling Family Trust.*Whether Shelly can still execute the sale after Donald revoked the trust.*Whether there is an urgent situation regarding imminent loss of value to the trust. If there is, Levanas can make ruling under section 1310 (b) in the California probate code approving the sale and making his order essentially appeal-proof.Shelly must prevail on all three issues to win the court order she needs to close the deal with Ballmer.However, the lawsuit filed Tuesday afternoon in Los Angeles Superior Court by Donald against Shelly, the NBA, commissioner Adam Silver and LAC Basketball Club (the Clippers), could potentially complicate the sale to Ballmer.That suit claims that Shelly and the NBA violated corporate law in trying to sell the team, and that Donald is the sole shareholder of the corporation that owns the Clippers."It's a whole different set of legal ques @uc@do8m0d8s7m@uc@ |