Why golf hottie would say no to ‘woke’ SI Swimsuit IssueCrypto mogul Brock Pierce is angling to seize control of the company that publishes Sports Illustrated – claiming he was thwarted by management as he tried to sell off a massive stake earlier this year that has since tanked in value, according to a lawsuit.
Nevertheless, 42-year-old Pierce alleges in the complaint, filed in New York State Supreme Court last week, that when he tried to sell his shares last year as they traded above $14, he got stonewalled by Arena as well as its CEO Ross Levinsohn – the former interim CEO of Yahoo, short-lived publisher of the Los Angeles Times and ex-president of Fox Digital Media.
“Arena caused Warlock to suffer a tremendous trading loss, and is liable to Warlock for tens of millions of dollars in liquidated and consequential damages as a result,” the suit claimed.“We strongly disagree with the claims in the complaint. The complaint contains fundamental errors, including the claim that Mr. Levinsohn sold shares in the company,” the spokesperson said.
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