Kentucky Speedway and NASCAR unable to reach settlement, will fight in court
Quote selected text Published June 30th, 2007 in NASCAR News
Kentucky Speedway owner Jerry Carroll had a long-anticipated meeting with NASCAR and International Speedway Corporation officials Friday. But the lawsuit between them wasn’t resolved, so Kentucky Speedway’s case against NASCAR and ISC remains headed toward a March 2008 court date.
The two sides met for a total of five hours of mediation with a federal judge magistrate at the United States District Courthouse in Covington. The meeting ended without a settlement.
For the Speedway, which is alleging anti-trust violations on the part of NASCAR and ISC, it was an encouraging sign that key figures, such as NASCAR president Mike Helton, ISC president and NASCAR board member Lesa France Kennedy and ISC chief executive officer and NASCAR board member James France were present. No other mediations are scheduled, but Speedway lawyer Steve Susman said another session could arise between now and the March court date if the judge rules on pending legal matters involved in the case.
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