Overview
- Eleven former Aspiration investors amended a July filing on Monday to name the Clippers owner, alleging cap circumvention through the company now known as Catona.
- The complaint references reporting on a $28 million "no‑show" arrangement tied to Leonard’s time with the Clippers and asserts Ballmer invested over $50 million while publicly backing the firm.
- Plaintiffs allege Ballmer’s money kept the venture afloat and secured co‑founder Joe Sanberg’s silence, with the scope of any transfers to be examined in discovery.
- The NBA’s independent probe remains active under outside counsel, with possible penalties under the CBA including fines, forfeiture of a first‑round pick, or voided transactions.
- Sanberg has pleaded guilty to two counts of wire fraud, Aspiration rebranded and entered bankruptcy, and Ballmer denies wrongdoing, saying he was conned by the company.