Sports Law Blog
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Tuesday, March 23, 2004
 

NASCAR, SMI Near Settlement: The Dallas Morning News (log-in required) reports that NASCAR is close to reaching an out-of-court settlement with Speedway Motorsports, the parent company of the Texas Motor Speedway. Two of SMI's shareholders brought a breach of contract claim against NASCAR, claiming that the speedway was promised two events a year. The settlement could impact a number of other NASCAR tracks, including Rockingham and Darlington, as well as shaking up the NASCAR schedule for next season.