Scott Speed announced via Twitter that a lawsuit against Red Bull was imminent.
"today should be the day my lawyer files this lawsuit against Red Bull...Had to tell my loyal twitter followers before they saw it online ;)," Speed wrote.
Speed told scenedaily.com he understood the decision but was upset with how his release came down -- via fax the day before Thanksgiving. That same day his mother was diagnosed with cancer.
“I’m obviously stupid disappointed that I didn’t even get a phone call, not a conversation, not anything from anyone from Austria.They all showed up at Miami. None of them spoke a word to me. I got a fax.”
“They thought it was OK to kick me to the curb and not try to do absolutely anything for me. They didn’t want to pay me anything. They didn’t want to help me get into any other kind of ride. Nothing. They were, ‘OK, we’re done with you. Thank you for seven-and-a-half years.’
“Honestly, I’m still a little bit shocked over the whole situation.”
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Speed, 27, had a short stint in the Formula 1 ranks for Red Bull before making the jump to NASCAR in 2008. He managed a win, four top fives and nine top 10s in 16 Truck starts in 2008, but has been slow to progress in Cup cars with just three top 10s in 76 career starts. He finished 30th in the rankings in 2010 and has a career average finish of 25.1.