News
Mercedes CEO Rebuffed Lutnick’s Pitch to Move Headquarters to US
2+ hour, 12+ min ago (142+ words) Mercedes CEO Rebuffed Lutnick's Pitch to Move Headquarters to US'Bloomberg Law News Mercedes-Benz Group AG's chief executive officer turned down a Trump cabinet secretary's attempt to lure the manufacturer's headquarters to the US from Germany, where its roots date back…...
NASCAR, Michael Jordan’s Racing Team Settle Antitrust Suit (1)
1+ mon, 2+ week ago (297+ words) NASCAR on Thursday settled an antitrust lawsuit brought by Michael Jordan's racing team alleging that the organization holds a monopoly over premier stock car racing in the US and that its charter agreements are unlawful. As a condition of the…...
NASCAR Driver, Team Owner Grilled On Antitrust Claims at Trial
1+ mon, 3+ week ago (530+ words) NASCAR attorney Larry Buterman asked why Hamlin praised the charter system as a key reason for going into business with Jordan on the 23XI team if the agreements were anticompetitive. Charters guarantee racing slots in the elite Cup Series, along with…...
NASCAR, Michael Jordan’s Team Spar at Trial Over Monopoly Claims
1+ mon, 3+ week ago (469+ words) Michael Jordan made an appearance in a federal courtroom in North Carolina as the lead attorney for his racing team kicked off a trial against NASCAR, arguing the organization is a monopolistic bully tightly controlled by a wealthy family that…...
NASCAR Trial to Begin in Michael Jordan Team Monopolization Suit
1+ mon, 3+ week ago (750+ words) NASCAR will go to trial this week to defend itself against claims by Michael Jordan's racing team that the organization holds monopoly power in the market for premier stock car team services. Jordan's team, 23XI Racing, alleges that NASCAR's "charter" system…...
Michael Jordan’s Racing Team Wins Key Legal Fight in NASCAR Case
2+ mon, 3+ week ago (486+ words) Michael Jordan's racing team secured a crucial win on the threshold issue of market definition in its case against NASCAR, as a federal judge ruled that premier stock car racing is its own separate and distinct market. The Tuesday ruling…...
Auto Parts Companies Argue Void Judgment Timeline to Justices
2+ mon, 3+ week ago (94+ words) A lawyer for a bankruptcy trustee argued to the US Supreme Court that a Brooklyn auto parts company exceeded a reasonable amount of time to challenge a potentially void judgment. A lawyer for a bankruptcy trustee argued to the US…...
Porsche in Talks With Ex-McLaren Boss Leiters for CEO Role (1)
3+ mon, 1+ week ago (106+ words) Porsche AG is in talks with Michael Leiters, the former head of McLaren Automotive Ltd., to take over as chief executive officer and turn around the struggling 911 maker. The manufacturer has been preparing to find a successor for Oliver Blume,…...
NBA Defeats Revived Video Data-Sharing Class Action Lawsuit
3+ mon, 3+ week ago (130+ words) The National Basketball Association again escaped a proposed class action suit from a man alleging the sports league violated federal video privacy laws, according to a district court Monday. The National Basketball Association again escaped a proposed class action suit…...
Puerto Rico Baseball Gets Antitrust Shield in Mixed Ruling (1)
6+ mon, 6+ day ago (162+ words) A top Puerto Rican baseball league must face antitrust claims that it engaged in a boycott against a businessman who wanted to operate his own team in the US territory, after the First Circuit reversed a lower court ruling dismissing…...