Author Topic: Testimony resumes in Sterling-Clipper case  (Read 175 times)

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Offline flowers

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Testimony resumes in Sterling-Clipper case
« on: July 22, 2014, 02:38:48 PM »
http://www.kfiam640.com/onair/john-and-ken-37487/testimony-resumes-in-sterlingclipper-case-12587987/


Quote
Donald Sterling's decision to revoke a family trust  put the company controlling the Sterlings' real estate holdings on the hook for $500 million in loans that can only be covered by selling the Los Angeles  Clippers, the company's chief financial officer testified today.

Darren Schield, CFO for Beverly Hills Properties, told Los Angeles  Superior Court Judge Michael Levanas that he warned Sterling before he revoked  the trust that there would be financial consequences.

``I told him this was going to open up the Pandora's box and lead to  severe consequences,'' Schield said.

Donald Sterling revoked the trust after his wife removed him as a co- trustee.


Offline flowers

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Re: Testimony resumes in Sterling-Clipper case
« Reply #1 on: July 22, 2014, 02:39:57 PM »
Amazing how this story dropped of the msm radar.



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