Talks Underway To End Ecclestone Trial Puma's Q2 Beats Expectations Grizzlies Make Chris Wallace GM Twins Testing New CRedit Card App Oyo To Create Little League Figures Falcons, Comcast Renew Deal NCAA Settles Concussion Lawsuit Michele Roberts Elected NBPA Exec Dir Bucks Name McDonough CFO AECOM Formally Acquires Hunt Construction Group
SBD/April 30, 2012/Leagues and Governing BodiesPrint All
The NBPA on Friday said that it is "being investigated by the U.S. Attorney's Office in N.Y.," according to Soshnick & Levinson of BLOOMBERG NEWS. Sources said that NBPA Exec Dir Billy Hunter "was notified of the investigation by subpoena for documents" on Wednesday. The union "has appointed a six-member special committee that consists of players representatives and executive committee members to oversee an internal inquiry that will include a financial audit." The union has retained attorney Theodore Wells, Jr. of N.Y.-based law firm Paul, Weiss, Rifkind, Wharton & Garrison to conduct the inquiry (BLOOMBERG NEWS, 4/27). In N.Y., Ken Belson noted the business practices of the NBPA have "come under scrutiny because of accusations of nepotism and conflicts of interest." A union statement said Hunter "pledged his full cooperation with the internal inquiry, although he has recused himself from the process to ensure that it is an independent one" (N.Y. TIMES, 4/28).