Several sources are reporting this.
If Limbaugh has indeed been dropped from the group then his potential slander/libel suits will be bolstered by his loss of potential income. Based on his comments during today’s show, Rush is showing no signs of backing away from legal action against those who published the false quotes and the networks where they were repeated.
Update: It’s official:
DAVE CHECKETTS: It has become clear that his involvement in our group has become a complication and a distraction to our intentions; endangering our bid to keep the team in St. Louis. As such, we have decided to move forward without him and hope it will eventually lead us to a successful conclusion.
No statement from Rush as of the time of this update.