Monday, January 07, 2008

BREAKING NEWS: Court Throws Out Kentucky Speedway Antitrust Lawsuit

U.S. District Court in Kentucky granted summary judgment in favor of International Speedway Corporation and NASCAR today, dismissing the Kentucky Speedway antitrust lawsuit in its entirety. This brings an end to Kentucky Speedway’s effort to litigate its way onto the NASCAR Sprint Cup Series schedule, and establishes -- once and for all -- NASCAR’s right to determine when and where the sport will compete.

The suit alleged that ISC and NASCAR had worked together to prevent Kentucky Speedway from acquiring a NASCAR Sprint Cup Series race. But in an opinion issued this morning, U.S. District Court Judge William O. Bertlesman ruled that even if he gave Kentucky Speedway the benefit of the doubt on all of its allegations, the track had failed to make a case. NASCAR and ISC had asked for that summary judgment in an effort to avoid a trial scheduled for March. Kentucky Speedway has the right to appeal the ruling.

International Speedway Corporation Executive Vice President and COO John Saunders will joins us live today at 3:30 p.m. ET to discuss the case, along with a spokesperson for NASCAR. We are also hoping to speak live with a representative of Kentucky Speedway.

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