Statement by Pierce O'Donnell

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May 19, 2014, 05:57 ET

LOS ANGELES, May 19, 2014 /PRNewswire/ -- "We have just received the voluminous charges and are beginning the process of carefully reviewing them. Based on our initial assessment, we continue to believe there is no lawful basis for stripping Shelly Sterling of her 50 percent ownership interest in the Clippers. She is the innocent estranged spouse. We also continue to hope that we can resolve this dispute with the NBA for the good of all constituencies."

--Pierce O'Donnell, Greenberg Glusker

SOURCE Greenberg Glusker