Ex-Rangers owner, plan administrator settle suit

Print
Email
|

Associated Press

Posted on January 10, 2013 at 9:02 PM

Updated Thursday, Jan 10 at 9:23 PM

DALLAS (AP) — The Texas Rangers' post-bankruptcy plan administrator and the team's former owner are asking a judge to dismiss a lawsuit over money generated from stadium parking lots.

The Dallas Morning News reports (http://bit.ly/Xo4GNx) that in a court document filed Thursday, all the parties in the lawsuit — administrator Alan Jacobs, who filed the suit, and former Rangers owner Tom Hicks — have resolved the case.

The filing did not disclose details of the settlement, which had first been announced in November.

Jacobs had accused Hicks in the 2011 lawsuit filed in state court in Dallas of improperly taking millions of dollars from parking lots he controls at Rangers Ballpark in Arlington.

Hicks owned the club from 1998 until it emerged from bankruptcy with new ownership in 2010.

___

Information from: The Dallas Morning News, http://www.dallasnews.com

Print
Email
|