Kentucky Speedway owner Jerry Carroll had a long-anticipated meeting with NASCAR and International Speedway Corporation officials today.
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.
............ see the rest of the article at news.enquirer.com
Showing posts with label Mediation. Show all posts
Showing posts with label Mediation. Show all posts
Saturday, June 30, 2007
Thursday, June 28, 2007
Kentucky Speedway and NASCAR
Kentucky Speedway is heading to mediation Friday in its antitrust case against NASCAR, but lawyers weren't saying whether the two sides are any closer to a settlement that could potentially land the Sparta track a Nextel Cup race.
Cincinnati attorney Stan Chesley, who is representing the speedway in the $400 million antitrust lawsuit, said it was hard to know how long the mediation proceedings will last or whether it would spark any movement in the negotiations.
"The fact we're going to mediate doesn't mean it's going to get settled," Chesley said. "We'll either settle it, or try it in March."
NASCAR officials didn't immediately respond for requests for comment Wednesday.
kentuckyconnect
Cincinnati attorney Stan Chesley, who is representing the speedway in the $400 million antitrust lawsuit, said it was hard to know how long the mediation proceedings will last or whether it would spark any movement in the negotiations.
"The fact we're going to mediate doesn't mean it's going to get settled," Chesley said. "We'll either settle it, or try it in March."
NASCAR officials didn't immediately respond for requests for comment Wednesday.
kentuckyconnect
Subscribe to:
Posts (Atom)