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CUP: ISC, Kentucky Speedway Ruling Not Expected Until 2009
Written by: SceneDaily.com
SceneDaily.com   
07/10/2008 - 10:15 AM
Sparta, Ky.
 
Kentucky Speedway (Darrell Ingham/Allsport photo) ยป More Photos

A ruling on Kentucky Speedway’s appeal in its federal antitrust lawsuit against NASCAR and International Speedway Corp. is not expected until sometime in 2009, according to an ISC official.

Speaking on a conference call Wednesday with financial analysts, ISC Chief Operating Officer John Saunders said, “Due to some changes in court procedures, we now expect some sort of ruling from early- to mid-’09.”

Kentucky Speedway alleged that NASCAR, a sanctioning body owned by the France family, and ISC, a track-operating company that is publicly traded and whose majority of voting stock is owned by the France family, conspire to keep independent tracks such
as Kentucky Speedway from getting Sprint Cup dates.

NASCAR and ISC denied those claims, and in January, a U.S. District Court judge concluded that there was not enough evidence for the case to go to trial. The appeal centers on whether there is enough evidence for a trial to be held.

The final briefs on the appeal are due Oct. 27.

ISC expects to spend between $1 million and $2 million this year on the litigation, ISC investor relations spokesman Wes Harris said.

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