Thursday, November 21, 2013

Fraud, huh?

Tom Kirkendall tweeted out a link to a statement the Astros made this evening regarding a petition that Jim Crane and the Astros filed today...

The Petition asserts causes of action for fraud as to McLane Champions, LLC and R. Drayton McLane Jr; negligent misrepresentation as to all Defendants; breach of contract and declaratory judgment as to McLane Champions, LLC; and civil conspiracy as to all Defendants, relating to and in connection with the purchase of Houston McLane Company, LLC and its equity interests by Jim Crane and the current ownership group in 2011.

The Defendants are listed as Drayton, Comcast, NBC Universal, and Jon Litner - the Group President of the NBC Sports Group.

The reason for filing today, according to the statement, is that the statute of limitations would expire today, and they filed to preserve their rights.

This is, um, big.