United States Court of Appeals Affirms Judgment in Kentucky Speedway Litigation
11 Dezembro 2009 - 5:00PM
PR Newswire (US)
DAYTONA BEACH, Fla., Dec. 11 /PRNewswire-FirstCall/ --
International Speedway Corporation (Nasdaq Global Select Market:
ISCA; OTC Bulletin Board: ISCB) ("ISC") today announced the United
States Court of Appeals for the Sixth Circuit has affirmed the
lower court's ruling in which it dismissed, in its entirety, the
civil antitrust action brought by Kentucky Speedway, LLC against
ISC and the National Association for Stock Car Auto Racing
("NASCAR"). (Logo:
http://www.newscom.com/cgi-bin/prnh/20091005/FL87045LOGO ) "We are
extremely pleased with today's decision by the appeals court," said
ISC Chief Executive Officer Lesa France Kennedy. "This ruling again
reaffirms the validity of a business model that has significantly
benefited the sport's fans, business partners and other industry
constituents for more than fifty years. Further, this confirms
NASCAR, much like other sport properties such as the NFL, MLB and
the NBA, has the right to host its events when and where it decides
is best for the sport and its fans." International Speedway
Corporation is a leading promoter of motorsports activities,
currently promoting more than 100 racing events annually as well as
numerous other motorsports-related activities. The Company owns
and/or operates 13 of the nation's major motorsports entertainment
facilities, including Daytona International Speedway® in Florida
(home of the Daytona 500®); Talladega Superspeedway® in Alabama;
Michigan International Speedway® located outside Detroit; Richmond
International Raceway® in Virginia; Auto Club Speedway of Southern
California(SM) near Los Angeles; Kansas Speedway® in Kansas City,
Kansas; Phoenix International Raceway® in Arizona; Chicagoland
Speedway® and Route 66 Raceway(SM) near Chicago, Illinois;
Homestead-Miami Speedway(SM) in Florida; Martinsville Speedway® in
Virginia; Darlington Raceway® in South Carolina; and Watkins Glen
International® in New York. In addition, ISC promotes major
motorsports activities in Montreal, Quebec, through its wholly
owned subsidiary, Stock-Car Montreal. The Company also owns and
operates MRN® Radio, the nation's largest independent sports radio
network; the Daytona 500 Experience(SM), the "Ultimate Motorsports
Attraction" in Daytona Beach, Florida, and official attraction of
NASCAR®; and Americrown Service Corporation(SM), a subsidiary that
provides catering services, food and beverage concessions, and
produces and markets motorsports-related merchandise. In addition,
ISC has an indirect 50 percent interest in Motorsports Authentics®,
which markets and distributes motorsports-related merchandise
licensed by certain competitors in NASCAR racing. For more
information, visit the Company's Web site at
http://www.iscmotorsports.com/.
http://www.newscom.com/cgi-bin/prnh/20091005/FL87045LOGODATASOURCE:
International Speedway Corporation CONTACT: Charles N. Talbert,
Director, Investor and Corporate Communications of International
Speedway Corporation, +1-386-681-4281 Web Site:
http://www.iscmotorsports.com/
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