News Details

Civil case against Ecclestone dropped

The New York Surpeme Court has dismissed a civil action against Bernie Ecclestone. Bluewaters Communications Holdings LLC, an American-based investment firm, was seeking damages to the amount of 650 million US dollars from the F1 supremo following the controversial sale of the sport's commercial rights to in 2006 to CVC. According to Bluewaters, the company might the highest for the 47 percent stake former shareholder Bayern LB sold and that Ecclesone was obliged to accept their offer. Instead, the stake in F1 was sold to CVC Capital Partners, because, Bluewaters claims, Ecclestone paid a bribe to Bayern LB's chief risk officer Gerhard Gribkowsky. The 650million Bluewaters was seeking...
Full Story »
1y ago from PlanetF1.com 0
Share

You May Also Be Interested In...

Relief for Ecclestone as US judge dismisses $650...

Relief for Ecclestone as US judge dismisses $650 million lawsuit 22...
1y ago from GrandPrix247.com

New York judge dismisses Ecclestone case

Bernie Ecclestone's legal woes have eased slightly, as it emerges a $650m...
1y ago from GrandPrix.com

Ecclestone avoids US lawsuit over F1 sale

He may be the subject of ongoing European proceedings relating to the...
1y ago from Crash.net

The curious timing of the announcement of the case...

Last week the world of Formula One was taken by surprise by the...
1y ago from Pitpass.com

Elsewhere On The Network

Popular On MotoGPToday.com

MotorLand Aragon: Mir, Pons and Morales take wins

Today was the fourth event and midpoint of the FIM CEV Repsol 2015, so...
9h ago from MotoGP.com

Dovizioso set to tie Rossi's record

MotoGP Ducati rider Andrea Dovizioso is expected to start his 230th...
18h ago from SuperSport.com

Movistar Yamaha’s 2015 success

Having won all but one race so far this year, Movistar Yamaha MotoGP are...
23h ago from MotoGP.com

Rossi: 15 years of winning

Not happy with breaking the records of others, Valentino Rossi broke one...
1d ago from MotoGP.com

Popular On IndyCarToday.com

Power penalised for Fontana incident

– Will Power has been fined $25,000 and placed on probation for the...
3d ago from GPUpdate.net

IndyCar: 'Insane' race spurs critics, supporters

Several leading IndyCar drivers including Juan Pablo Montoya, Will Power...
1w ago from Racer.com

IndyCar Power fined $25k; Vautier $10K, Rahal $5k...

The Verizon IndyCar Series has informed its teams of the penalties...
4d ago from Racer.com

2016 IndyCar season to be longer, Road America may...

IndyCar is expecting a stronger schedule for next season, which will last...
4d ago from Motorsport.com

Popular On TotalWRC.com

"Proper go" puts Tanak on podium

M-Sport's Ott Tanak says he enjoyed every single minute of Rally Poland...
8h ago from Crash.net

Hansen stripped of World RX victory after incredible...

A decision by the race stewards has altered the race outcome. In the final...
10h ago from Motorsport.com

Sebastien Ogier wins in Poland for second year in a row

The Frenchman, who beat Volkswagen team mate Andreas Mikkelsen by 11.9...
11h ago from EuroSport.com

Championship leader Solberg wins hearts, minds and...

All good runs come to an end.   After finishing first or second at every...
9h ago from Motorsport.com

Popular On GunnersToday.com

Arsenal Target Jurgen Klopp Destined For Premier...

It has been reported that Leeds United boss Uwe Rosler expects Jurgen...
1h ago from Nastytackle.com

Arsenal open talks to sign Liverpool attacking target

Arsenal have entered talks to sign Liverpool target Pedro over a...

Why Arsene Wenger's title-winning Arsenal squad is...

If one was to conduct a survey among Arsenal fans as to which position's...
20m ago from AllArsenal.com

West Ham On The Verge Of Signing Ex-Arsenal Midfielder...

It has been reported that West Ham United are keen to secure the services...
3h ago from Nastytackle.com

Comments

comments powered by Disqus

2014 GPToday.com
GPToday.com is not responsible for the news headlines and associated descriptions and images it indexes, the content of externally linked sites or the comments & postings of its users.

This website is unofficial and is not associated in any way with the Formula One group of companies. F1, FORMULA ONE, FORMULA 1, FIA FORMULA ONE WORLD CHAMPIONSHIP, GRAND PRIX and related marks are trade marks of Formula One Licensing B.V.