The property was purchased for approximately $3.3 million. Such orders can be issued only in very limited circumstances in North Carolina. After Red Bull fired Speed, he sued the organization in December, claiming breach of contract and seeking damages of at least $6.5 million. In March, an N.C. judge denied Red Bull's request to dismiss the suit. A discovery motion in Speed's case is scheduled to be heard on July 11 in Iredell County Superior Court in Statesville, N.C. William Bray, Speed's attorney in the case, said his client sought the order because of Red Bull's recent announcement that it was looking to end its ownership role in NASCAR at the end of the 2011 season.
Red Bull can contest the order, but as of Friday had not done so. Through a spokesperson, the team declined to comment. Charlotte Observer