TULSA, Okla. (AP) — The majority owners of the Tulsa Shock are asking a judge to dismiss a lawsuit filed by a minority stakeholder who's challenging the WNBA team's move to Dallas.
W. Stuart Price claims in his breach-of-contract lawsuit that he acquired a small percentage of Shock parent Tulsa Pro Hoops LLC with a $250,000 investment in 2009, with the assurance the team would stay in Oklahoma.
The Journal Record (http://bit.ly/1LIr1iw ) reports that the defendants say the option for a possible move was written into Tulsa Pro Hoops' 2009 operating agreement. They brought counterclaims last week against Price, saying he failed twice to pay required contributions to the franchise.
A Tulsa County judge is being asked to dismiss the lawsuit against Tulsa Pro Hoops and investors William Cameron, Chris Christian, Cameron Sports LLC, CB Hoops LLC and TexasOU LLC.
Information from: The Journal Record, http://www.journalrecord.com