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Originally Posted by Midtowner
I wouldn't worry about this. I don't give the Schultz suit much shot at even getting past the first round of motions to dismiss. It would kind of surprise me if we even get to the summary judgment stage there.
That said, Rabid, the equitable powers of the court do not have that sort of effect. The court could unwind deals only related to the alleged fraud in pretty much any manner it sees fit.
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I don't see how they could look at the contract to play in an arena as fraud. They have to play some where? It could be argued that Key was not suitable to play in after 2010 and nothing in Washington is suitable. You could argue that trading players to make the team weaker was part of the fraud alleged. Rolling back those trades in my estimation would be a logical move to make. I'm not sure cherry picking what you roll back has an end to it.
I kind of wonder if Schultz wants to get into litigation with OKC over this. OKC could have this tied up in court long after ownership was determined by the court in Seattle. If you were a prospective buyer in Seattle, would you want to buy them under these conditions?