The federal government and the NBA are investigating Daktronics, a manufacturer of video displays and scoreboards, in connection with allegations that the Los Angeles Clippers circumvented the league's salary cap to sign star player Kawhi Leonard. During Daktronics' first-quarter earnings call, Chief Financial Officer Howard Atkins confirmed that the company had received requests for information regarding the investigation.
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SEC and NBA Investigate Daktronics Related to Kawhi Leonard Case
Daktronics is under investigation by the SEC and NBA related to allegations against the Los Angeles Clippers for circumventing the salary cap to sign Kawhi Leonard. CFO Howard Atkins acknowledged the company's receipt of information requests during a recent earnings call.
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SEC investigating Daktronics in Kawhi Leonard case
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SEC and NBA Investigate Daktronics Related to Kawhi Leonard Case