Marc Lore and Alex Rodriguez's purchase of the Timberwolves from owner Glen Taylor hit a speed bump as Meyer Orbach, the second largest shareholder of the franchise, filed a complaint in U.S. District Court.
According to a copy of the complaint obtained by ESPN, Orbach is alleging that the purchase violates the franchise's partnership agreement. It cites Taylor's failure to honor "tag-along rights" for the minority investors. Their rights allow them to sell their interests before Taylor, according to the document.
"When Orbit [Orbach's company] attempted to exercise its tag-along rights, Taylor not only ignored Orbit but also privately stated—contrary to his public statements—that he's not proposing to enter into a 'control sale' with Rodriguez and Lore at this time," the complaint said.