LOS ANGELES (AP) -Basketball great Jerry West, Lakers general manager Mitch Kupchak, the Dodgers' Nomar Garciaparra and other athletes claim they were bilked out of $3 million by a Los Angeles investment adviser.
More than a dozen people, many of them current or former athletes, filed a claim last June with securities regulators contending UBS Financial Services made unnecessary bond trades to reap commissions. The claim will be heard by an arbitration panel in July.
The trades were made by Gary R. Fournier, who no longer works for UBS. Fournier and UBS have denied wrongdoing.
West and the others are seeking unspecified damages.
Advertisement

Top NBA Public Bets

Advertisement

NBA Top Stories

Thumbnail Timberwolves vs. Clippers Pick Are the Clippers a safe bet as a small home favorite tonight against the Timberwolves at 10:30PM ET?
Thumbnail Nuggets vs. Spurs Prediction Will tonight's 8:30PM ET tip-off between the Nuggets and Spurs go over the total when the two teams square off in San Antonio?
Thumbnail Mavericks vs. Heat Prediction Will the Mavericks pull off the small upset tonight when they visit the Heat at 7:30PM ET?
Thumbnail OKC aims to spring stunner on Golden State Oklahoma City’s six-game road trip isn’t off to a great start. So what are the Thunder’s chances of actually keeping pace with the Warriors this evening?
Thumbnail Bucks vs. Rockets Prediction Are the Rockets a good bet to cover tonight against the Bucks following their loss last night to the Heat?

NBA Team Pages