Lakers investor PATRICK SOON-SHIONG has been "battling turbulence surrounding his business interests." Two cancer-fighting start-up firms that he took public in the last two years have "rolled up major losses and each of their stocks has tumbled more than 70% from their highs." The companies also are the "target of shareholder lawsuits that allege management misled investors by artificially inflating results, claims Soon-Shiong and the companies flatly deny" (L.A. TIMES, 7/5).
FAMILY MATTER: Former NASCAR driver GREG BIFFLE's ex-wife and ex-mother-in-law are "suing him and Roush Fenway Racing over hidden cameras inside Biffle’s estate" in Mooresville, N.C. The lawsuit "details visible cameras all over the outside of the home" but claims that there were also "hidden cameras inside the house, including in the master bedroom, bathroom and in the guest bedroom where Biffle’s former mother-in-law stayed." The lawsuit claims Biffle "recorded his ex-wife and ex-mother-in-law on a digital video recorder and showed that video to other people." The lawsuit says Biffle "said under oath that the hidden cameras were installed for security because he believed his maids were stealing" (WSOCTV.com, 7/5).
CASE CLOSED: A California federal court last week "dismissed a nationwide class-action lawsuit" over the NFL and DirecTV's "Sunday Ticket." Both commercial and residential fans had "accused the league and provider of restraining broadcasts of out-of-market games and charging 'supracompetitive premiums.'" While U.S. District Judge BEVERLY REID O'CONNELL "found the plaintiffs had antitrust standing to challenge the 'Sunday Ticket' agreement, she found they lacked standing to challenge the horizontal agreement among the NFL and its teams" (HOLLYWOODREPORTER.com, 6/30).
NAMES: Ernst & Young named Learfield President & CEO GREG BROWN as a Southwest winner in the Entrepreneur of the Year '17 Award in the Technology & Media Services category. The award recognizes entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities (Learfield)....Thunder Road Int’l Speedbowl in Barre, Vt., announced that NASCAR driver KYLE BUSCH will be coming to the track July 13 to race in the Vermont Governor’s Cup 150 (BURLINGTON FREE PRESS, 7/4)....Revolution MF KELYN ROWE took part in the BOSTON GLOBE's occasional series highlighting a commute to work with a Boston athlete. Rowe called Boston drivers "very aggressive." Rowe: "Driving in the city, oh, I hate it, especially in the South End. It’s a tight little area with people double parking. Not caring. It’s the honking the moment the light turns green. It’s, like, all right man, I’m trying to drink my coffee" (BOSTONGLOBE.com, 7/4)....Free agent QB ROBERT GRIFFIN III “welcomed his second child into the world Sunday,” a daughter named GLORIA GRIFFIN (WASHINGTONPOST.com, 7/4).
IN MEMORY: Nationals scorekeeper DAVID VINCENT “passed away Sunday after a long battle with stomach cancer.” He was 67 (WASHINGTON POST, 7/4).
