News
O’Reilly Automotive Sued Over Handling of 401(k) Forfeitures
3+ hour, 23+ min ago (54+ words) O'Reilly Automotive Sued Over Handling of 401(k) Forfeitures'Bloomberg Law News O'Reilly Automotive Inc. was hit with a proposed class action challenging its alleged practice of using the 401(k) money forfeited by departing workers to make its mandatory plan contributions. Learn more about…...
NASCAR, Michael Jordan’s Racing Team Settle Antitrust Suit (1)
1+ mon, 5+ day ago (297+ words) NASCAR on Thursday settled an antitrust lawsuit brought by Michael Jordan's racing team alleging that the organization holds a monopoly over premier stock car racing in the US and that its charter agreements are unlawful. As a condition of the…...
NASCAR Driver, Team Owner Grilled On Antitrust Claims at Trial
1+ mon, 2+ week ago (530+ words) NASCAR attorney Larry Buterman asked why Hamlin praised the charter system as a key reason for going into business with Jordan on the 23XI team if the agreements were anticompetitive. Charters guarantee racing slots in the elite Cup Series, along with…...
NASCAR, Michael Jordan’s Team Spar at Trial Over Monopoly Claims
1+ mon, 2+ week ago (469+ words) Michael Jordan made an appearance in a federal courtroom in North Carolina as the lead attorney for his racing team kicked off a trial against NASCAR, arguing the organization is a monopolistic bully tightly controlled by a wealthy family that…...
NASCAR Trial to Begin in Michael Jordan Team Monopolization Suit
1+ mon, 2+ week ago (750+ words) NASCAR will go to trial this week to defend itself against claims by Michael Jordan's racing team that the organization holds monopoly power in the market for premier stock car team services. Jordan's team, 23XI Racing, alleges that NASCAR's "charter" system…...
Michael Jordan’s Racing Team Wins Key Legal Fight in NASCAR Case
2+ mon, 1+ week ago (486+ words) Michael Jordan's racing team secured a crucial win on the threshold issue of market definition in its case against NASCAR, as a federal judge ruled that premier stock car racing is its own separate and distinct market. The Tuesday ruling…...
Auto Parts Companies Argue Void Judgment Timeline to Justices
2+ mon, 1+ week ago (94+ words) A lawyer for a bankruptcy trustee argued to the US Supreme Court that a Brooklyn auto parts company exceeded a reasonable amount of time to challenge a potentially void judgment. A lawyer for a bankruptcy trustee argued to the US…...
Hyzon Motors, SPAC Merger Dispute Ends with $8.8 Million Deal
2+ mon, 3+ week ago (215+ words) The Delaware Chancery Court approved an $8.8 million settlement to end a class action alleging the leaders and backers of a blank-check company that merged with Hyzon Motors Inc. exaggerated the hydrogen-fuel-cell vehicle maker's customer base and financial health. The Delaware…...
NBA Defeats Revived Video Data-Sharing Class Action Lawsuit
3+ mon, 1+ week ago (130+ words) The National Basketball Association again escaped a proposed class action suit from a man alleging the sports league violated federal video privacy laws, according to a district court Monday. The National Basketball Association again escaped a proposed class action suit…...
Puerto Rico Baseball Gets Antitrust Shield in Mixed Ruling (1)
5+ mon, 3+ week ago (162+ words) A top Puerto Rican baseball league must face antitrust claims that it engaged in a boycott against a businessman who wanted to operate his own team in the US territory, after the First Circuit reversed a lower court ruling dismissing…...