NASCAR settles antitrust lawsuit involving Michael Jordan
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NASCAR has reached a major settlement in the antitrust lawsuit brought by two of its race teams, including one co-owned by Michael Jordan. The NBA legend was the lead plaintiff in the suit, accusing NASCAR of being a “monopolistic bully.
NASCAR has exclusivity deals for its tracks, barring them from hosting a potential competitor. That practice was part of Monday's focus.
NASCAR Chairman Jim France has testified in the federal antitrust lawsuit filed by Michael Jordan's 23XI Racing and Front Row Motorsports.