A lawsuit filed last week alleges Hurricanes owner Peter Karmanos Jr. has defaulted on more than $100 million he borrowed from a trust established for his three adult sons, the plaintiffs, who also allege the trust was used in various ways to “support the Hurricanes.”
A lawsuit filed last week alleges Hurricanes owner Peter Karmanos Jr. has defaulted on more than $100 million he borrowed from a trust established for his three adult sons, the plaintiffs, who also allege the trust was used in various ways to “support the Hurricanes.” Chris Seward cseward@newsobserver.com
A lawsuit filed last week alleges Hurricanes owner Peter Karmanos Jr. has defaulted on more than $100 million he borrowed from a trust established for his three adult sons, the plaintiffs, who also allege the trust was used in various ways to “support the Hurricanes.” Chris Seward cseward@newsobserver.com

Lawsuit raises serious questions about Karmanos, Hurricanes’ future

June 01, 2016 05:17 PM

UPDATED June 02, 2016 12:13 PM

More Videos

Western NC gets an early jump on the season as heavy snowfall coats the mountains 2:47

Western NC gets an early jump on the season as heavy snowfall coats the mountains

Video shows sheriff's deputy fatally shooting Florida man 2:56

Video shows sheriff's deputy fatally shooting Florida man

Duke engineers create artificial heart muscle for heart attack victims 0:57

Duke engineers create artificial heart muscle for heart attack victims

Marvin Bagley III on Duke’s first loss: ‘It sucks’ 1:41

Marvin Bagley III on Duke’s first loss: ‘It sucks’

Dr. Wendy Sue Swanson on Safety and Efficacy of the MMR Vaccine 0:59

Dr. Wendy Sue Swanson on Safety and Efficacy of the MMR Vaccine

White House press secretary and reporters spar over mistakes and fake news claims 1:58

White House press secretary and reporters spar over mistakes and fake news claims

What do you do with 2 million cubic feet of leaves? 0:57

What do you do with 2 million cubic feet of leaves?

HB2 protesters march into NC Legislature 1:07

HB2 protesters march into NC Legislature

This Santa made history and became a big hit at the Durham Holiday Parade 2:43

This Santa made history and became a big hit at the Durham Holiday Parade

MMR vaccine is safe, effective American Academy of Pediatrics says 0:59

MMR vaccine is safe, effective American Academy of Pediatrics says

  • 'We've got to help Victor,' Hurricanes coach Bill Peters says

    Carolina Hurricanes head coach Bill Peters addresses the slump Victor Rask has been in this season as he talks to reporters after the Canes 4-2 win over the NY Islanders at PNC Arena in Raleigh on Nov. 19, 2017. Rask was a healthy scratch for the game.