All Topics  
Ferko lawsuit

 

 
   Email Print
   Bookmark   Link
 

 

Ferko lawsuit
 
 
  Topics Ferko lawsuit Topic Home

The Ferko lawsuit is a common nickname for an American
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
 lawsuit that was challenged between plaintiff Francis Ferko, a shareholder of Speedway Motorsports, Inc.
Speedway Motorsports, Inc.

Speedway Motorsports, Inc. or SMI is an United States corporation that owns and manages race tracks on the NASCAR Sprint Cup Series and other race series....
's Texas Motor Speedway
Texas Motor Speedway

Texas Motor Speedway is a Oval track racing located in the northernmost portion of the United States city of Fort Worth, Texas -- the portion located in Denton County, Texas....
, and defendants NASCAR
NASCAR

The National Association for Stock Car Auto Racing is the largest sanctioning body of stock cars in the United States. The three largest racing series sanctioned by NASCAR are the Sprint Cup Series, the Nationwide Series and the Camping World Truck Series....
 and International Speedway Corporation
International Speedway Corporation

International Speedway Corporation is a corporation whose primary business is the ownership and management of NASCAR race tracks. ISC was founded by NASCAR founder Bill France, Sr....
 (ISC). Ferko contended that the defendants violated antitrust
Antitrust

United States antitrust law is the body of laws that prohibits anti-competitive behavior and unfair business practices. Antitrust laws are designed to encourage competition in the marketplace....
 laws that prevented Texas Motor Speedway
Texas Motor Speedway

Texas Motor Speedway is a Oval track racing located in the northernmost portion of the United States city of Fort Worth, Texas -- the portion located in Denton County, Texas....
 from obtaining two NASCAR
NASCAR

The National Association for Stock Car Auto Racing is the largest sanctioning body of stock cars in the United States. The three largest racing series sanctioned by NASCAR are the Sprint Cup Series, the Nationwide Series and the Camping World Truck Series....
 NEXTEL Cup
NEXTEL Cup

The Sprint Cup Series is the top racing series of the National Association for Stock Car Auto Racing . It was formerly known as the Strictly Stock Series and Grand National Series ....
 races per racing season, as many other tracks had.

In 2004, the plaintiff won the case, and NASCAR was to give the speedway a second race as it requested.






Discussion
Ask a question about 'Ferko lawsuit'
Start a new discussion about 'Ferko lawsuit'
Answer questions from other users
Full Discussion Forum



Encyclopedia


The Ferko lawsuit is a common nickname for an American
United States

The United States of America is a Federal government constitutional republic comprising U.S. state and a federal district. The country is situated mostly in central North America, where its Contiguous United States and Washington, D.C., the Capital districts and territories, lie between the Pacific Ocean and Atlantic Oceans, Borders of the U...
 lawsuit that was challenged between plaintiff Francis Ferko, a shareholder of Speedway Motorsports, Inc.
Speedway Motorsports, Inc.

Speedway Motorsports, Inc. or SMI is an United States corporation that owns and manages race tracks on the NASCAR Sprint Cup Series and other race series....
's Texas Motor Speedway
Texas Motor Speedway

Texas Motor Speedway is a Oval track racing located in the northernmost portion of the United States city of Fort Worth, Texas -- the portion located in Denton County, Texas....
, and defendants NASCAR
NASCAR

The National Association for Stock Car Auto Racing is the largest sanctioning body of stock cars in the United States. The three largest racing series sanctioned by NASCAR are the Sprint Cup Series, the Nationwide Series and the Camping World Truck Series....
 and International Speedway Corporation
International Speedway Corporation

International Speedway Corporation is a corporation whose primary business is the ownership and management of NASCAR race tracks. ISC was founded by NASCAR founder Bill France, Sr....
 (ISC). Ferko contended that the defendants violated antitrust
Antitrust

United States antitrust law is the body of laws that prohibits anti-competitive behavior and unfair business practices. Antitrust laws are designed to encourage competition in the marketplace....
 laws that prevented Texas Motor Speedway
Texas Motor Speedway

Texas Motor Speedway is a Oval track racing located in the northernmost portion of the United States city of Fort Worth, Texas -- the portion located in Denton County, Texas....
 from obtaining two NASCAR
NASCAR

The National Association for Stock Car Auto Racing is the largest sanctioning body of stock cars in the United States. The three largest racing series sanctioned by NASCAR are the Sprint Cup Series, the Nationwide Series and the Camping World Truck Series....
 NEXTEL Cup
NEXTEL Cup

The Sprint Cup Series is the top racing series of the National Association for Stock Car Auto Racing . It was formerly known as the Strictly Stock Series and Grand National Series ....
 races per racing season, as many other tracks had.

In 2004, the plaintiff won the case, and NASCAR was to give the speedway a second race as it requested. With approval from the judge, NASCAR was forced to surrender the Grand Slam
Winston Million

The Winston Million was a cash prize award program on the NASCAR Nextel Cup series, based on the Grand Slam concept. From 1985-1997, R.J. Reynolds Tobacco Company, the title sponsor of NASCAR's premier circuit at the time, offered an award of United States Dollar1 million for any driver who won three of the four crown jewels on the schedule....
 , and the prestigious Southern 500 at Darlington Raceway
Darlington Raceway

Darlington Raceway is a race track built for NASCAR racing located near Darlington, South Carolina. It is nicknamed the "Lady in Black" and "The Track Too Tough to Tame" by many NASCAR fans and drivers and advertised as "A NASCAR Tradition"....
, which had been moved to November to be part of the Chase for the Nextel Cup, to give Texas that second date. In a related move, the North Carolina Speedway
North Carolina Speedway

Rockingham Speedway, formerly North Carolina Motor Speedway and later North Carolina Speedway is a racetrack located in Rockingham, North Carolina....
 in Rockingham
Rockingham, North Carolina

Rockingham is a city in Richmond County, North Carolina, North Carolina, United States named after the Marquis of Rockingham. The population was 9,672 at the 2000 census....
 was surrendered to SMI. Since the move, Rockingham has been used for only non-competition uses; such as for movie settings about the sport, or for testing. As a result of a 2006 NASCAR testing rule change, testing at the track is more commonplace.

In 2005, Kentucky Speedway
Kentucky Speedway

Kentucky Speedway is a motor speedway located in north-central Kentucky, near the community of Sparta, Kentucky; approximately halfway between Louisville, Kentucky and Cincinnati, Ohio, and is additionally from another fairly sizable market, Lexington, Kentucky....
 filed a similar suit against NASCAR and ISC, also requesting a NEXTEL Cup race at the venue, but the case was eventually dismissed.