Billionaire LA Rams Owner Claps Back With $400M ‘Spiteful’ Lawsuit Amid St. Louis Move Speculations

Yahoo! News
LA Rams owner Stan Kroenke is embroiled in a $400 million lawsuit with Inglewood over billboard revenue and infrastructure costs.

Summary

Los Angeles Rams owner Stan Kroenke has filed a nearly $400 million lawsuit against the city of Inglewood, escalating a dispute that began with the city’s approval of digital billboards near SoFi Stadium. Kroenke’s companies claim the city owes them money for infrastructure improvements and ongoing services related to the stadium and surrounding development. Inglewood argues the development agreement Kroenke is citing is invalid and that the city has the right to generate revenue from its public land.

The conflict stems from a 2015 development agreement and a recent deal Inglewood made with WOW Media to install billboards around Hollywood Park. Kroenke’s group argued this violated the agreement and would cut into the value of sponsorships. A judge rejected their attempt to block the deal, deeming the original agreement improperly enacted.

Inglewood officials have responded forcefully, asserting that Kroenke is attempting to use financial leverage to control city governance and that “billionaires are not above the law.” The situation echoes Kroenke’s previous legal battles with St. Louis following the Rams’ relocation to Los Angeles, which resulted in a $790 million settlement. While speculation exists about a potential return to St. Louis, analysts believe the Rams are unlikely to leave SoFi Stadium unless Kroenke sells it.

(Source:Yahoo! News)

The Verge

California sues over 23andMe breach that exposed millions of people’s data

CP24 Toronto

Judge orders Toronto plastic surgeon to pay $21M to former patients after installing 24 cameras around clinic

The New Yorker

Taking Children from Their Parents Without a Court Order

The Denver Post

Boulder police use Flock cameras as ‘dragnet’ illegally surveilling people, lawsuit alleges

City A.m.

Emma Sleep agrees to change ‘illegal’ sales practices following court settlement

Google News

Ex-federal judges ask court to reopen Trump’s IRS lawsuit, probe payout fund

Bloomberg

CFTC Moves to Undo Settlement That Had Gemini Paying $5 Million

Home - Bitcoinworld.co.in

CFTC Seeks To Void $5M Gemini Settlement, Signaling Regulatory Pivot

Google News

‘A bit of anger’: Residents frustrated by bombshell $2b lawsuit over ‘forever chemicals’

Coindesk Indonesia

U.S. CFTC files request to erase Gemini settlement that it no longer considers fair

Wwd

Condé Nast Reaches $400,000 Settlement With Three Employees Fired After a ‘March on the Boss’

AL.com

Target sued over yogurt covered pretzels without yogurt

Bloomberg Tax News

Uber Seeks to Block False Tax Form Claim With Arbitration Clause

USA TODAY

Mexican restaurant chain shutters all 8 Chicago locations

New York Post

Washington McDonald's to pay thousands in class action settlement