NASCAR sues AT&T for $100 million
In an Associated Press story, NASCAR says when Nextel took over sponsorship of the race series, Cingular and Alltel were grandfathered in and they agreed to follow all NASCAR rules. One rule apparently gives Nextel the exclusive rights to be the only other wireless company to sponsor NASCAR races. NASCAR says Cingular broke that rule therefore breaching its contract and now owes $100 million. NASCAR's suit also asks for the right in 2008 to bar any team sponsored by a wireless phone company other than Nextel.
So far, no official response from AT&T.
Stay tuned for updates to this ongoing legal saga.
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models