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Relief for Ecclestone as US judge dismisses $650 million lawsuit
Relief for Ecclestone as US judge dismisses $650 million lawsuit 22 January, 2014 Bernie Ecclestone Under fire Formula 1 supremo Bernie Ecclestone, has had a turn of good fortune as a $650 million lawsuit against him has been dismissed in the New York Supreme Court.
Investment firm Bluewaters Communications Holdings filed the lawsuit at New York State Supreme Court in November 2012, naming Formula 1 commercial head Ecclestone as one of the defendants.
In its claim, Bluewaters said it was prepared to offer more than any other bidder for the sport and alleged that Ecclestone had engineered a sale to private equity firm CVC Capital Partners so they would retain him in his role.
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10y ago from GrandPrix247.com
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