Dodgers Owner Mark Walter Sued in Class Action Fraud Case

WHO:

USA Today - Mark Walter, owner of the Los Angeles Dodgers and outgoing majority owner of the Los Angeles Lakers.

USA Today - Ira Rosner, a 67-year-old Miami, Florida resident and plaintiff in the proposed class-action lawsuit.

USA Today - Delaware Life Insurance Company, Group 1001, TWG Global, and Guggenheim Partners, named as defendants in the lawsuit.

USA Today - Robbins Geller Rudman & Dowd, the class-action law firm representing Ira Rosner.

WHAT:

USA Today - A proposed class-action lawsuit has been filed against Mark Walter alleging fraudulent concealment, breach of contract, aiding and abetting fraud, civil conspiracy, and other claims.

USA Today - The lawsuit claims that Walter and the companies misrepresented the allocation of insurer assets, stating that only approximately 3% of Delaware Life’s invested assets were related-party investments, while the actual figure was more than 1,000% greater.

USA Today - Walter agreed to sell his controlling stake in the Los Angeles Lakers for a record $12.5 billion, with the transaction currently on hold.

USA Today - Walter will receive about $1.2 billion in cash for his minority interest in Chelsea Football Club.

WHERE:

USA Today - The lawsuit was filed in the Southern District of Florida.

USA Today - Group 1001 is headquartered in Zionsville, Indiana.

WHEN:

USA Today - The grand jury subpoenas that Delaware Life received were in February, and they were disclosed in a regulatory filing in June.

USA Today - Walter's ownership group purchased the Dodgers in 2012 for approximately $2.15 billion.

USA Today - In February 2014, two policyholders filed a proposed class action regarding the financing of Walter’s acquisition of the Dodgers.

WHY:

USA Today - The lawsuit alleges that Walter and the companies conducted a systematic scheme to conceal and misrepresent financial information to policyholders.

HOW:

USA Today - The lawsuit claims that Walter's companies concealed grand jury subpoenas and misrepresented the allocation of insurer assets to prevent policyholders from making no-penalty annuity returns.

(UPDATED September 18, 2026 20:04 UTC)

A proposed class-action lawsuit has been filed against Mark Walter, the owner of the Los Angeles Dodgers and outgoing majority owner of the Los Angeles Lakers, alleging serious charges including fraudulent concealment and breach of contract. The lawsuit claims that Walter and several companies misrepresented the allocation of insurer assets, stating that only about 3% were related-party investments, while the actual figure was over 1,000% higher, and it was filed in the Southern District of Florida. Walter is currently in the process of selling his controlling stake in the Lakers for a record $12.5 billion, although that transaction is currently on hold.