8legs: Kenneth d. bell

#1 out of 1

Judge Slams Both Sides In Opening Day Of NASCAR Anti-Trust Trial

Opening statements began in a high-profile NASCAR antitrust trial in Charlotte, with Judge Bell warning both sides about improper arguments.
The trial questions whether NASCAR's charter system limits competition and profits for teams like 23XI Racing and Front Row Motorsports.
Jurors were selected as Michael Jordan and other team owners attended the opening day.
NASCAR argued its contracts reflect standard practices for auto racing and denied anticompetitive conduct.
If the jury sides with Jordan's teams, damages could be awarded for actual losses with potential triple damages possible.
The trial could lead to remedies such as track sales, charter changes, or elimination of exclusivity provisions.
The trial's outcome could dramatically reshape NASCAR's business model and the teams' financial futures.
The jury was seated with six men and three women on opening day, with the trial expected to last about two weeks.
Attendees included NASCAR executives, including chairman Jim France and vice chairman Lisa France Kennedy.
The case raises questions about the long-term viability and structure of the Cup Series if exclusivity is challenged.

Vote 0