David Robinson is suing his business partner for alleged fraud, marking a high-stakes legal battle that underscores potential conflicts in private equity.
SAN ANTONIO — Spurs Hall of Famer David Robinson is suing his longtime business partner, alleging fraud, civil conspiracy, and conversion in a lawsuit filed this week.
The lawsuit claims that Daniel Bassichis, Robinson’s partner in the private equity firm Admiral Capital Group, misappropriated millions of dollars from the firm. Robinson’s legal team says Bassichis exploited his position for personal gain, resulting in significant financial losses for the company.
Details of the case are still emerging, and no court dates have been announced.
Representatives for Robinson and Bassichis have not immediately responded to requests for comment.
The case highlights ongoing legal battles in the world of private equity and serves as a reminder that even high-profile partnerships can face serious disputes.