Attorneys for Phoenix Suns minority owners Scott Seldin and Andy Kohlberg asserted as part of a lawsuit that Mat Ishbia's actions earlier this year could leave in question Ishbia's standing as the team's majority owner.
The suit was filed in Delaware State Court on Nov. 24, but unredacted details were released by the plaintiffs on Tuesday.
Ishbia issued a capital call to minority owners in June, then another in July, each with a 10-day deadline. Seldin and Kohlberg maintain that they made their payments on time but under protest, particularly with new team shares valued at $10 million per unit after the price was previously $198 million per unit, according to ESPN.
Plaintiffs attorney Michael Carlinsky of Quinn Emanuel Urquhart & Sullivan LLP said in a statement on Tuesday, "The updated

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