Major League Baseball and the Los Angeles Dodgers have no plans to remove owner Mark Walter despite an ongoing federal investigation and a new class-action lawsuit involving several insurance companies he owns.

Walter has been investigated since last year by the US Attorney's Office in Manhattan and the Securities and Exchange Commission following a whistleblower complaint concerning allegedly misrepresented loans between companies within his business portfolio. Walter and his companies have denied wrongdoing related to the investigation.

The latest lawsuit was filed on Wednesday in US District Court in Miami by Ira Rosner, a 67-year-old Florida man who purchased a Delaware Life insurance policy in April. Rosner alleges that Delaware Life and other companies failed to disclose the federal investigation to customers while directing policyholders' money into other Walter-controlled businesses.

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The defendants named in the case include Walter, Delaware Life Insurance Co., Clear Spring Life and Annuity, TWG Global Holdings and Walter’s Guggenheim Partners investment firm. Rosner is seeking a jury trial and damages for negligent misrepresentation, breach of contract and aiding and abetting fraud.

Rosner had until late May to withdraw his money without penalty but said he was not informed about the investigation until June. TWG Global denied wrongdoing involving the federal probe in a statement last month.

Meanwhile, Walter has indicated to friends and business associates that he does not intend to sell the Dodgers. He recently sold his stake in Chelsea alongside co-owner Todd Boehly and agreed last month to sell the Los Angeles Lakers, with the NBA still reviewing that transaction. The Dodgers have maintained that Walter has no plans to sell the MLB franchise.