Anointed Buyers Sue Rangers To Close $575M Deal

Law360, New York (July 12, 2010, 5:03 PM EDT) -- The prospective buyers of the Texas Rangers baseball team have filed suit to block a new round of bidding and forcibly close the $575 million deal at the core of the team’s unexpectedly fractious bankruptcy proceeding.

Rangers Baseball Express LLC, the bidding group led by Rangers President and Hall of Fame pitcher Nolan Ryan and Pepper Hamilton LLP partner Charles Greenberg, fired off the adversary suit Monday in the U.S. Bankruptcy Court for the Northern District of Texas.

The plaintiffs claim the debtor has breached the...
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