Buss siblings formally file case against Jeanie over sale of Lakers shares

Five Buss siblings formally filed legal opposition against their sister, Los Angeles Lakers acting governor Jeanie Buss, to proceed with selling the family trust's remaining stake. Jimmy, Johnny, Janie, Joey, and Jesse Buss voted to sell the family's 17.82% stake to an ownership group led by Josh Kushner and Bob Iger, claiming Jeanie's prior petition to block the transaction is legally baseless.

The proposed deal values the Lakers franchise at $12.5 billion, which would yield approximately $2.2 billion for the family trust. The siblings argue that Jeanie is attempting to block the sale solely to preserve her position as controlling owner, conflicting with her fiduciary obligations to the trust beneficiaries.