Sports Illustrated ex-publisher wants $200 million from Authentic Brands Group, saying it stole website and employees

• The Arena Group lost its license to publish SI after a takeover by 5-Hour Energy's Manoj Bhargava.
• The storied sports brand was licensed to Minute Media, and Arena's stock is suffering.
• Arena's lawsuit says Authentic Brands and SI's new publisher plotted to poach employees and content.

The former publisher of Sports Illustrated has filed a $200 million legal counterpunch against the magazine's new publisher and the owner of its intellectual property.