In an article from Zach Buchanan of The Athletic, Arizona Diamondbacks Managing General Partner Ken Kendrick is being sued by three minority owners: Alfredo Molina, chairman and CEO of Molina Fine Jewelers; Jim Weber, a former pro pitcher; and Carlise Investments, LLC. The lawsuit claims Kendrick acted illegally when coercing them into either increasing their investment in the team or relinquish their ownership stakes at $60 per unit, a number that the plaintiffs call unfairly discounted. The suit names AZPB Limited Partnership (Ownership Group), the group’s managing partner, and Kendrick’s wife as the defendants. They are currently being represented by Roger Cohen from the Phoenix-based Jaburg Wilk law firm.
Three minority owners are suing Managing General Partner Ken Kendrick over recent ownership share policy changes
