Retail Industry
Industry: Email Alert RSS FeedJam wins race suit against Clear Channel.(Clear Channel Communications, JamSports and Entertainment, LLC)
Powersports Business, April, 2005
A federal jury has found that Clear Channel Communications had competed unfairly to block a competitor from promoting motorcycle races and awarded the smaller event firm more than $90 million in damages, including $73 million in punitive damages.
JamSports and Entertainment, LLC, a unit of Jam Productions, charged Clear Channel with intimidating the American Motorcycle Association (AMA) into reneging on a multi-year agreement under which JamSports was to promote Supercross events.
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Clear Channel was found liable for interfering with a letter of intent that Jam had signed in ...
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