Judge refuses to rule on request for discovery from PIF, the fund’s governor

0
3

Friday’s hearing in U.S. District Court lasted more than three hours and dealt with a wide variety of complicated legal issues, but yielded few definitive answers.

Magistrate Judge Susan van Keulen declined to rule on two separate motions in the antitrust suit filed against the PGA Tour last August, including a motion to have the Public Investment Fund for the Kingdom of Saudi Arabia and the fund’s governor, Yasir Al- Rumayyan, to compel , to submit to discovery.

ALSO READ  New York Times article on Anthony Kim confirms he still plays golf, shares LIV Golf's thoughts

Al-Rumayyan and the PIF, the primary source of funding for LIV Golf, argued that US courts have no jurisdiction over a foreign sovereign investment fund and that the fund has no control over day-to-day operations. from LIV Golf.

However, Tour lawyers claimed that the “Shareholder Agreement” between the PIF and LIV Golf stipulates that the startup league “must obtain PIF’s consent” and that “PIF and Al-Rumayyan will play their central role in running LIV and making decisions related to this lawsuit.”

ALSO READ  Canadian Henderson extends lead at Tournament of Champions

Instead of ruling on the motion to coerce, the court instructed PIF and Al-Rumayyan’s lawyers to confirm that they have the authority to negotiate the discovery dispute by next Wednesday. “If the parties to the motions agree to meet and discuss further, they must submit a joint status report [Thursday] about next steps and a proposed schedule,” the judge ordered.

Both the Tour and LIV Golf declined to comment.

ALSO READ  Farmers Insurance Open: Jon Rahm uses a huge late surge to make the cut at Torrey Pines