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Federal Lawsuit Accuses Los Angeles Dodgers Owner Mark Walter of Concealing Federal Probe
Just the facts
The lawsuit names Mark Walter, Delaware Life Insurance Company, Clear Spring Life and Annuity, TWG Global Holdings, and Guggenheim Partners as co-defendants. The complaint alleges that Walter and his affiliated companies failed to disclose an ongoing federal investigation conducted by the Securities and Exchange Commission and the U.S. Attorney's Office for the Southern District of New York regarding inter-company loan disclosures. Plaintiff Ira Rosner alleges that policyholder funds were directed into Walter's other commercial holdings without informing customers of the regulatory inquiries. The lawsuit asserts claims for breach of contract, negligent misrepresentation, and aiding and abetting fraud, while seeking financial damages and a jury trial.
Why this is news
Florida resident Ira Rosner filed a federal class-action lawsuit in the U.S. District Court in Miami against Los Angeles Dodgers owner Mark Walter and several of his insurance companies.
Sources
This summary is compiled strictly from the original reporting below.