US EditionMichael Jordan's Race Team Just Scored a Major Win Against NASCAR
U.S. District Judge Kenneth Bell confirmed NASCAR's control over the premier stock car racing market, setting the stage for a December trial on possible anticompetitive practices.
- On Tuesday, U.S. District Judge Kenneth Bell ruled for 23XI Racing and Front Row Motorsports, finding NASCAR controls the market for premier stock-car racing, making the 'race in other series' defense moot.
- 23XI Racing and Front Row Motorsports filed the suit a year ago after being the only two of 15 teams not to sign charter agreements presented at the start of the 2024 playoffs.
- Attorney Jeffrey Kessler noted the court denied NASCAR's summary judgment and granted partial summary judgment finding monopoly power, while expert Dr. Daniel Rascher concluded premier stock-car racing is distinct from Formula 1 and IndyCar.
- With a trial set for Dec. 1, settlement talks intensified as 23XI Racing and Front Row Motorsports race unchartered with reduced prize money, while NASCAR Commissioner Steve Phelps said last week it is 'trying our hardest' to reach a deal.
- If NASCAR loses at trial, the charter system could be dismantled, though NASCAR agreed to make charters permanent; settlement talks snag over monetary damages demanded by 23XI Racing and Front Row Motorsports.
14 Articles
14 Articles
Judge rules against NASCAR in key area; may deem Charters unlawful
The judge overseeing the 23XI Racing and Front Row Motorsports v NASCAR antitrust lawsuit ruled again in favor of the teams against the Sanctioning Body on summary judgment on Tuesday afternoon.Summary judgment is a pretrial decision where there are no disputes of material fact. In other words, a judge could rule on the merits, based on evidence presented by both sides, and without a ...Keep reading
Likely outcomes should NASCAR lose antitrust lawsuit in court
The ongoing antitrust lawsuit, filed in October 2024 by 23XI Racing (co-owned by Michael Jordan and Denny Hamlin) and Front Row Motorsports against NASCAR and its chairman Jim France, centers … Read More The post Likely outcomes should NASCAR lose antitrust lawsuit in court appeared first on AutoRacing1.com.
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