Known for his quick wit and garish sweaters, Carnesecca took the New York City university to national basketball prominence.

The suit filed Monday is on behalf of all shareholders who acquired WBD securities between Feb. 23 and Aug. 7.

Carnesecca won 526 games and lost just 200 in his 24 years at St. John’s, leading the team to 18 NCAA Tournaments.

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Carnesecca, whose sweaters became an emblem of his team’s rousing Final Four run, coached St. John's for 24 seasons over two ...