The Lakers are not defendants, and nothing in the filing accuses the franchise itself of wrongdoing. What the complaint does is fold the August flip into its theory of why Walter was raising money. The suit notes that the Lakers sale came at about the same time Walter “offered to pledge his equity stake in Guggenheim as collateral to secure billions of dollars in short-term loans to his holding company, TWG, reportedly promising lenders double-digit yields.”Lakers DailyThis article originally appeared on Hoops Hype: The Lakers are not defendants, and nothing in the …
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