NASCAR Seeks to Mediate Antitrust Lawsuit with 23XI Racing
NASCAR has requested a settlement conference with a federal court to mediate the antitrust lawsuit filed by 23XI Racing, owned by Michael Jordan, and Front Row Motorsports. In response, the teams presented their own document on Monday night, expressing their desire to continue working with mediator Jeffrey Mishkin, former executive vice president and general counsel of the NBA, who has been negotiating between both parties for the year.“I hope to keep going with this. If I have to fight until the end, for the good of the sport, I will,” he said outside the federal court. “We have always been open to an agreement. We always have been. We have never taken that option off the table.”
Michael Jordan
Both sides have shown a willingness to talk, but no progress has been made. Through a judicial conciliation conference, NASCAR hopes to have a judge who can direct the conversations and offer a perspective on how a jury might interpret NASCAR’s complex antitrust case. The court must approve NASCAR’s request. All parties have expressed their openness to reaching an agreement, including Jordan, who also stated after a hearing in August that he was willing to go to trial if necessary.“The willingness of the parties to resolve this matter, along with the interests of others in the sport and of the Court in seeing this case resolved, suggest that a conciliation conference would be a significant way to facilitate a settlement,” NASCAR wrote.
NASCAR
“I hope to keep going with this. If I have to fight until the end, for the good of the sport, I will,” he said outside the federal court. “We have always been open to a settlement. We always have been. We have never taken that option off the table.”
Michael Jordan
“Mr. Mishkin has invested a great deal of time in learning about this case and meeting with the parties,” 23XI and Front Row stated in their presentation. “The plaintiffs have requested that NASCAR continue to interact with them through Mr. Mishkin or make a settlement offer directly to the plaintiffs’ attorneys, but NASCAR has not responded to those requests and, instead, filed this motion.
23XI Racing and Front Row Motorsports
The teams argued that Mishkin possesses “significant experience in complex antitrust disputes related to sports” and has acted as an arbitrator or mediator for the Court of Arbitration for Sport, the America’s Cup, FIFA, and the NFL, among others.
In addition, the teams maintain that “starting over” with a new mediator is “less likely, not more likely, to lead to a resolution.”
These motions are filed as NASCAR seeks summary judgment to dismiss the case before the start of the trial, scheduled for December 1. The hearing on this motion is scheduled for October 21.
The central point of the dispute is the protection of NASCAR’s franchise system, which is fundamental to its business model and the main focus of the litigation. This system guarantees owners positions in the competition and a base amount of annual income, generating, according to NASCAR, more than $1.5 billion in capital value for its teams since 2016.
A year ago, 13 of the 15 teams renewed their agreements, considering that more than two years of negotiations would not result in a better agreement. 23XI, co-owned by Jordan and Denny Hamlin, and Front Row Motorsports, owned by Bob Jenkins, chose to go to court.
For months, the other 13 teams have privately complained that the lawsuit is generating uncertainty about the future of NASCAR. Given the lack of progress in negotiations with Mishkin, NASCAR is now seeking that a federal judge other than U.S. District Judge Kenneth Bell, who is presiding over the case, hear both parties and offer a solution.
Last week, most of the major NASCAR teams filed statements requesting a settlement and the protection of the franchise system, something that NASCAR highlighted in its presentation on Monday night before the U.S. District Court for the Western District of North Carolina.
Both sides have shown a willingness to talk, but no progress has been made. Through a judicial conciliation conference, NASCAR hopes to have a judge who can direct the conversations and offer a perspective on how a jury might interpret NASCAR’s complex antitrust case. The court must approve NASCAR’s request. All parties have expressed their openness to reaching an agreement, including Jordan, who also stated after a hearing in August that he was willing to go to trial if necessary.“The willingness of the parties to resolve this matter, along with the interests of others in the sport and of the Court in seeing this case resolved, suggest that a conciliation conference would be a significant way to facilitate a settlement,” NASCAR wrote.
NASCAR
“I hope to keep going with this. If I have to fight until the end, for the good of the sport, I will,” he said outside the federal court. “We have always been open to a settlement. We always have been. We have never taken that option off the table.”
Michael Jordan
“The willingness of the parties to resolve this matter, along with the interests of others in the sport and of the Court in seeing this case resolved, suggest that a judicial settlement conference would be a meaningful way to facilitate a settlement,” NASCAR wrote.
NASCAR
Both parties have shown a willingness to dialogue, but no progress has been made.
Through a judicial settlement conference, NASCAR hopes to have a judge who can lead the conversations and offer a perspective on how a jury might interpret NASCAR’s complex antitrust case.
The court must approve NASCAR’s request.
All parties have expressed their openness to reaching an agreement, including Jordan, who also stated after a hearing in August that he was willing to go to trial if necessary.
“I hope to move forward with this. If I have to fight to the end, for the good of the sport, I will,” he said outside the federal court. “We have always been open to an agreement. We always have been. We have never taken that option off the table.”
Michael Jordan
“Mr. Mishkin has invested a great deal of time in learning about this case and meeting with the parties,” 23XI and Front Row stated in their presentation. “The plaintiffs have requested that NASCAR continue to interact with them through Mr. Mishkin or make a settlement offer directly to the plaintiffs’ attorneys, but NASCAR has not responded to those requests and, instead, filed this motion.
23XI Racing and Front Row Motorsports
The teams argued that Mishkin possesses “significant experience in complex antitrust disputes related to sports” and has acted as an arbitrator or mediator for the Court of Arbitration for Sport, the America’s Cup, FIFA, and the NFL, among others.
In addition, the teams maintain that “starting over” with a new mediator is “less likely, not more likely, to lead to a resolution.”
These motions are filed as NASCAR seeks summary judgment to dismiss the case before the start of the trial, scheduled for December 1. The hearing on this motion is scheduled for October 21.
The central point of the dispute is the protection of NASCAR’s franchise system, which is fundamental to its business model and the main focus of the litigation. This system guarantees owners positions in the competition and a base amount of annual income, generating, according to NASCAR, more than $1.5 billion in capital value for its teams since 2016.
A year ago, 13 of the 15 teams renewed their agreements, considering that more than two years of negotiations would not result in a better agreement. 23XI, co-owned by Jordan and Denny Hamlin, and Front Row Motorsports, owned by Bob Jenkins, chose to go to court.
For months, the other 13 teams have privately complained that the lawsuit is generating uncertainty about the future of NASCAR. Given the lack of progress in negotiations with Mishkin, NASCAR is now seeking that a federal judge other than U.S. District Judge Kenneth Bell, who is presiding over the case, hear both parties and offer a solution.
Last week, most of the major NASCAR teams filed statements requesting a settlement and the protection of the franchise system, something that NASCAR highlighted in its presentation on Monday night before the U.S. District Court for the Western District of North Carolina.
Both sides have shown a willingness to talk, but no progress has been made. Through a judicial conciliation conference, NASCAR hopes to have a judge who can direct the conversations and offer a perspective on how a jury might interpret NASCAR’s complex antitrust case. The court must approve NASCAR’s request. All parties have expressed their openness to reaching an agreement, including Jordan, who also stated after a hearing in August that he was willing to go to trial if necessary.“The willingness of the parties to resolve this matter, along with the interests of others in the sport and of the Court in seeing this case resolved, suggest that a conciliation conference would be a significant way to facilitate a settlement,” NASCAR wrote.
NASCAR
“I hope to keep going with this. If I have to fight until the end, for the good of the sport, I will,” he said outside the federal court. “We have always been open to a settlement. We always have been. We have never taken that option off the table.”
Michael Jordan
“Mr. Mishkin has invested a great deal of time in learning about this case and meeting with the parties,” 23XI and Front Row stated in their presentation. “The plaintiffs have requested that NASCAR continue to interact with them through Mr. Mishkin or make a settlement offer directly to the plaintiffs’ attorneys, but NASCAR has not responded to those requests and, instead, filed this motion.
23XI Racing and Front Row Motorsports
The teams argued that Mishkin possesses “significant experience in complex antitrust disputes related to sports” and has acted as an arbitrator or mediator for the Court of Arbitration for Sport, the America’s Cup, FIFA, and the NFL, among others.
In addition, the teams maintain that “starting over” with a new mediator is “less likely, not more likely, to lead to a resolution.”
These motions are filed as NASCAR seeks summary judgment to dismiss the case before the start of the trial, scheduled for December 1. The hearing on this motion is scheduled for October 21.
The central point of the dispute is the protection of NASCAR’s franchise system, which is fundamental to its business model and the main focus of the litigation. This system guarantees owners positions in the competition and a base amount of annual income, generating, according to NASCAR, more than $1.5 billion in capital value for its teams since 2016.
A year ago, 13 of the 15 teams renewed their agreements, considering that more than two years of negotiations would not result in a better agreement. 23XI, co-owned by Jordan and Denny Hamlin, and Front Row Motorsports, owned by Bob Jenkins, chose to go to court.
For months, the other 13 teams have privately complained that the lawsuit is generating uncertainty about the future of NASCAR. Given the lack of progress in negotiations with Mishkin, NASCAR is now seeking that a federal judge other than U.S. District Judge Kenneth Bell, who is presiding over the case, hear both parties and offer a solution.
Last week, most of the major NASCAR teams filed statements requesting a settlement and the protection of the franchise system, something that NASCAR highlighted in its presentation on Monday night before the U.S. District Court for the Western District of North Carolina.
Both sides have shown a willingness to talk, but no progress has been made. Through a judicial conciliation conference, NASCAR hopes to have a judge who can direct the conversations and offer a perspective on how a jury might interpret NASCAR’s complex antitrust case. The court must approve NASCAR’s request. All parties have expressed their openness to reaching an agreement, including Jordan, who also stated after a hearing in August that he was willing to go to trial if necessary.“The willingness of the parties to resolve this matter, along with the interests of others in the sport and of the Court in seeing this case resolved, suggest that a conciliation conference would be a significant way to facilitate a settlement,” NASCAR wrote.
NASCAR
“I hope to keep going with this. If I have to fight until the end, for the good of the sport, I will,” he said outside the federal court. “We have always been open to a settlement. We always have been. We have never taken that option off the table.”
Michael Jordan
“The willingness of the parties to resolve this matter, along with the interests of others in the sport and of the Court in seeing this case resolved, suggest that a judicial settlement conference would be a meaningful way to facilitate a settlement,” NASCAR wrote.
NASCAR
Both parties have shown a willingness to dialogue, but no progress has been made.
Through a judicial settlement conference, NASCAR hopes to have a judge who can lead the conversations and offer a perspective on how a jury might interpret NASCAR’s complex antitrust case.
The court must approve NASCAR’s request.
All parties have expressed their openness to reaching an agreement, including Jordan, who also stated after a hearing in August that he was willing to go to trial if necessary.
“I hope to move forward with this. If I have to fight to the end, for the good of the sport, I will,” he said outside the federal court. “We have always been open to an agreement. We always have been. We have never taken that option off the table.”
Michael Jordan
“Mr. Mishkin has invested a great deal of time in learning about this case and meeting with the parties,” 23XI and Front Row stated in their presentation. “The plaintiffs have requested that NASCAR continue to interact with them through Mr. Mishkin or make a settlement offer directly to the plaintiffs’ attorneys, but NASCAR has not responded to those requests and, instead, filed this motion.
23XI Racing and Front Row Motorsports
The teams argued that Mishkin possesses “significant experience in complex antitrust disputes related to sports” and has acted as an arbitrator or mediator for the Court of Arbitration for Sport, the America’s Cup, FIFA, and the NFL, among others.
In addition, the teams maintain that “starting over” with a new mediator is “less likely, not more likely, to lead to a resolution.”
These motions are filed as NASCAR seeks summary judgment to dismiss the case before the start of the trial, scheduled for December 1. The hearing on this motion is scheduled for October 21.
The central point of the dispute is the protection of NASCAR’s franchise system, which is fundamental to its business model and the main focus of the litigation. This system guarantees owners positions in the competition and a base amount of annual income, generating, according to NASCAR, more than $1.5 billion in capital value for its teams since 2016.
A year ago, 13 of the 15 teams renewed their agreements, considering that more than two years of negotiations would not result in a better agreement. 23XI, co-owned by Jordan and Denny Hamlin, and Front Row Motorsports, owned by Bob Jenkins, chose to go to court.
For months, the other 13 teams have privately complained that the lawsuit is generating uncertainty about the future of NASCAR. Given the lack of progress in negotiations with Mishkin, NASCAR is now seeking that a federal judge other than U.S. District Judge Kenneth Bell, who is presiding over the case, hear both parties and offer a solution.
Last week, most of the major NASCAR teams filed statements requesting a settlement and the protection of the franchise system, something that NASCAR highlighted in its presentation on Monday night before the U.S. District Court for the Western District of North Carolina.
Both sides have shown a willingness to talk, but no progress has been made. Through a judicial conciliation conference, NASCAR hopes to have a judge who can direct the conversations and offer a perspective on how a jury might interpret NASCAR’s complex antitrust case. The court must approve NASCAR’s request. All parties have expressed their openness to reaching an agreement, including Jordan, who also stated after a hearing in August that he was willing to go to trial if necessary.“The willingness of the parties to resolve this matter, along with the interests of others in the sport and of the Court in seeing this case resolved, suggest that a conciliation conference would be a significant way to facilitate a settlement,” NASCAR wrote.
NASCAR
“I hope to keep going with this. If I have to fight until the end, for the good of the sport, I will,” he said outside the federal court. “We have always been open to a settlement. We always have been. We have never taken that option off the table.”
Michael Jordan
