London Substantial Court judge dismissed case
By: Linked Press on March 27, 2014
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.
Copyright 2014 The Connected Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Sign up to have the Autoweek Day-to-day Racing report, Racing Weekend Wrap-Up, Everyday Drive and Breaking News delivered proper to your inbox.