Judge tosses verdict against New Hampshire track
January 26, 2012
CONCORD, N.H. (AP)—A judge has thrown out a verdict that would haverequired New Hampshire Motor Speedway to pay nearly $1 million to cancel itscontract with Motor Racing Network.
A jury awarded MRN $993,724 last September because New Hampshire did notmeet a three-year notice of termination when Speedway Motorsports Inc. boughtthe track in 2008. SMI wanted its radio network—the Performance Racing Network— to broadcast NASCAR events at the track.
New Hampshire Superior Court Judge Richard McNamara presided over the trial,but threw out the verdict in a Wednesday ruling.
McNamara wrote the jury based its award on MRN’s projected lost profits, andthat can’t be a basis for damages.
International Speedway Corp., which owns MRN, said in a statement it willappeal the ruling.
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