NASCAR reaches settlement to end antitrust trial
The NASCAR Cup Series logo is shown on the champions trophy during NASCAR media day at Phoenix Convention Center on Thursday, Nov. 3, 2022.
Nascar Nascar Championship Media Day NASCAR reached a settlement agreement Thursday with Front Row Motorsports and Michael Jordan's 23XI racing in a federal courtroom in Charlotte.
The two race teams filed an antitrust lawsuit against the motorsports organization im 2024, alleging monopolist practices and accusing NASCAR of using anti-competitive tactics to pressure teams into compliance.
The terms of the settlement, which came one day after the plaintiffs rested their case following eight days of testimony, have not been disclosed but an attorney for the teams said he was "pleased."
"I'm pleased to say that the parties have positively settled this matter in a way that will benefit the industry going forward," plaintiffs' attorney Jeffrey Kessler said, per The Athletic.
The settlement process began first thing Thursday in the courtroom of U.S. District Judge Kenneth D. Bell, who called for a surprise one-hour recess. After about 90 minutes of deliberations, Kessler returned to the courtroom to announce a settlement.
--Field Level Media
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