Guggenheim defeats lawsuit claiming it siphoned annuity unit’s cash for LA Dodgers

July 30, 2019 by Jonathan Stempel

(Reuters) – Guggenheim Partners won the dismissal of a lawsuit claiming it defrauded investors in a risky annuity, and siphoned cash for purposes including to help its billionaire chief executive Mark Walter buy the Los Angeles Dodgers baseball team.

In a decision on Friday, U.S. District Judge Holly Teeter in Kansas City, Kansas, rejected racketeering claims by Albert Ogles, the Alabama man leading the proposed class action.

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Originally Posted at Reuters on July 15, 2019 by Jonathan Stempel.