NASCAR Seeks Dismissal of Antitrust Lawsuit Filed by Teams Including Michael Jordan's 23XI

Politics

1 year ago

News sources:

Credited from: APNEWS

NASCAR has approached a federal judge to request the dismissal of an antitrust lawsuit filed by two teams, including 23XI Racing, co-owned by Michael Jordan.
The teams are seeking charter recognition, which would provide them guaranteed spots in races under the franchise system established in 2016.
U.S. District Judge Kenneth Bell indicated that the case would be trialed within the year, aiming for a December timeframe.
NASCAR also asked for bond postings from the teams to cover their fees in case they lose the lawsuit.
The hearing highlighted ongoing disputes regarding the charter system and team payouts, with underlying accusations of NASCAR's monopolistic practices.

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