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Howard Schultz drops Sonics suit

by August 30, 2008 @ 12:00 am (Category : Uncategorized )

The Seattle Times (Percy Allen) reports: Four months into a contentious and costly legal fight against Clay Bennett to return the Sonics to Seattle and restore his battered reputation, Howard Schultz surrendered. The Starbucks CEO filed a motion in U.S. District Court on Friday to drop his lawsuit against Bennett and the Professional Basketball Club, allowing the team to start a new beginning in Oklahoma City in October. Before filing his motion to dismiss, Schultz e-mailed his former ownership group, stating: “Unfortunately, showing that the Bennett Group lied is not enough to turn back the clock and return the Sonics. As a result, I am withdrawing the lawsuit.”

 

 
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