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Ex-Sonics owner's lawsuit scheduled for trial in June 2009

Updated: August 29, 2008, 8:51 PM ET
Associated Press

SEATTLE -- Former Seattle SuperSonics owner Howard Schultz said he's dropping his lawsuit against new team owner Clay Bennett, ending an attempt to regain ownership of the team that has moved to Oklahoma City.

The Starbucks Corp. CEO filed a motion for dismissal Friday in federal court.

In a letter to former members of his ownership group, Schultz said two recent rulings in his lawsuit have convinced him it's unlikely to succeed.

In a statement Friday from Oklahoma City, Bennett ...

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