Overview

• A notice of dismissal was filed Monday in Delaware Chancery Court, canceling a hearing that had been scheduled for Wednesday.
• The lawsuit alleged Andrew and Peggy Cherng breached an exclusivity agreement and sought to bar them from joining Tom Dundon’s buyer group.
• RAJ Sports said it reached an out-of-court resolution and expressed plans to work with the Trail Blazers as the Portland Fire join Moda Center next spring.
• The complaint targeted only the Cherng family and was withdrawn without prejudice, with investor roles and any settlement terms not disclosed.
• Dundon told the court he expects to close without funding from the Cherngs, and a source said RAJ will not receive a Blazers stake, with Board of Governors review still pending.