🚨 UPDATE: Clippers owner Steve Ballmer has been sued by 11 Aspiration investors who allege Ballmer used the company (now named Catona) "to secretly funnel millions of dollars to star NBA player, Kawhi Leonard [...] paying him more than allowed by the NBA’s salary cap rules" 🧵 pic.twitter.com/GLnMHNfdWS
— Pablo Torre đź‘€ (@PabloTorre) November 4, 2025
➕ Plaintiffs allege that "Ballmer was complicit in and aided and abetted [co-founder Joe] Sanberg’s fraud for his own self-serving purpose. [...] Absent Ballmer's support, [Aspiration] could not have sustained the frauds set forth herein” pic.twitter.com/9nK8Izbxxb
— Pablo Torre đź‘€ (@PabloTorre) November 4, 2025
➕ The lawsuit continues, re: Sanberg and Ballmer’s alleged scheme "to evade the NBA’s salary cap":
— Pablo Torre đź‘€ (@PabloTorre) November 4, 2025
"Plaintiffs would not have invested and/or kept their investment in [Aspiration] if Ballmer and Sanberg had disclosed the true nature of Ballmer’s investment" pic.twitter.com/DIaXlRsAHn
➕ Plaintiffs allege: "Ballmer transferred other funds to [Aspiration] to keep the company afloat and buy Sanberg's support, cooperation and silence about the secret deal with Leonard. The full extent of Ballmer’s transfers of funds [...] will be ascertained in discovery" pic.twitter.com/6Hpj6WglIB
— Pablo Torre đź‘€ (@PabloTorre) November 4, 2025
âž• Full PDF of lawsuit at my newsletter: https://t.co/aWLCKuowG4
— Pablo Torre đź‘€ (@PabloTorre) November 4, 2025