Judge tosses verdict against NHMS over MRN contract; ISC to appeal
CONCORD, N.H. -- A judge has thrown out a verdict that would have required New Hampshire Motor Speedway to pay nearly $1 million to cancel its contract with Motor Racing Network.
A jury awarded MRN $993,724 last September because New Hampshire did not meet a three-year notice of termination when Speedway Motorsports Inc. bought the 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, and that can't be a basis for damages.
International Speedway Corp., which owns MRN, said in a statement it will appeal the ruling.
Copyright 2012 by STATS LLC and The Associated Press. Any commercial use or distribution without the express written consent of STATS LLC and The Associated Press is strictly prohibited.
