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Industry: Email Alert RSS FeedNASCAR files case against AT&T for $100 million
Telecommunications Mergers & Acquisitions, July, 2007 by Anonymous
NASCAR has filed a suit worth $100 million against AT&T, alleging that the mobile operator has interfered with its exclusive sponsorship deal with wireless firm Nextel. It has also sought the right to throw out AT&T and all other telecom firms except Nextel from its "top series" to be held in 2008.
NASCAR filed the case in US District Court in Atlanta and accused AT&T of fraud, misrepresentation, and breach of contract. The two parties have been involved in legal battle for the whole season. NASCAR has refused to permit AT&T to place its logos on the car of Jeff Burton, who, along with his Richard Childress Racing team, has signed a sponsorship deal with Cingular, which was bought by AT&T. Although AT&T said that it would rebrand the firm, NASCAR...
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