Posted On: January 22, 2010
NASCAR settles sports lawsuit
NASCAR and a race promoter in Milwaukee have settled their lawsuit over non-payment of nearly $2 million for two races last June.
The lawsuit, which focused on fraud in the inducement, settled for confidential terms. One media outlet reports that there are still “hard feelings” based on the statement that NASCAR issued after the settlement:
“While we’re glad to settle the litigation, this is a very unfortunate conclusion. NASCAR has loved racing at the Milwaukee Mile for nearly 20 years and our fans deserve better. We depend on strong partnerships in each community where we race to make the events exciting and successful for everyone.”
NASCAR will apparently no longer race at Milwaukee Mile. According to the article, the Mile still has multiple additional legal problems.
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