Formula A single CEO Bernie Ecclestone has legal bill of $6.6 million soon after case win: London Substantial Court judge dismissed situation

London Substantial Court judge dismissed case

By: Linked Press on March 27, 2014

Ecclestone is the CEO of Formula One.

LAT PHOTOGRAPHIC – The very good news for Bernie Ecclestone is that he won his current court situation. The poor news is, it expense him $ 6.6 million to do it.

Formula A single boss Bernie Ecclestone should spend lawyers’; expenses of about 4 million pounds ($ 6.6 million) regardless of winning his situation relating to the grubby sale of the series in 2005.

In February, a judge at the London Large Court dismissed the case but explained it had however been a corrupt deal and questioned Ecclestone’;s honesty.

On Thursday, he concluded that Ecclestone would have to pay out a price for offering “untruthful proof” by picking up half of his legal expenses, in spite of the “standard rule” following trials that the loser picks up the winner’;s legal expenses.

A former F1 shareholder, German media company Constantin Medien, sued Ecclestone and other defendants for up to $ 144 million, claiming F1 was undervalued at the time of the sale to investment group CVC Capital Partners.

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