Paige Capital Management LLC v. Lerner Master Fund LLC. This is a pending trial in the Delaware Court of Chancery and courtroomview.com provides us with a free excerpt of the start of their video/audio coverage of the trial here, and the entire trial for a price here. Forbes.com has the background details in a post here. An article in Crain’s Cleveland Business describes additional details here.
Forbes.com introduces its highlights of the case with the following paragraph:
Billionaire Randy Lerner, the owner of the Cleveland Browns and the Aston Villa Football Club, is embroiled in a lawsuit over his October attempt to redeem $40 million from a hedge fund run by two sisters and a recent Republican Congressional candidate. In legal papers, Lerner claims the funds have been “hidden.”