Kentucky vs. NASCAR: No deal

Kentucky Speedway owner Jerry Carroll had a long-anticipated meeting with NASCAR and International Speedway Corporation officials today.

But the lawsuit between them wasn’t resolved, so Kentucky Speedway’s case against NASCAR and ISC remains headed toward a March 2008 court date.

The two sides met for a total of five hours of mediation with a federal judge magistrate at the United States District Courthouse in Covington. The meeting ended without a settlement.

“I appreciate the courts giving us a chance to sit down and trying to make something happen," Carroll said. “I hope a lot of this is a business deal. It should be done as a business matter."

For the Speedway, which is alleging anti-trust violations on the part of NASCAR and ISC, it was an encouraging sign that key figures, such as NASCAR president Mike Helton, ISC president and NASCAR board member Lesa France Kennedy and ISC chief executive officer and NASCAR board member James France were present.

“You can’t get any better than that having all those principals here in Covington, Ky.," Speedway lawyer Stan Chesley said. “I still think at the end of the day, this is going to be a business decision, and the principals have to be part of the negotiations."

No other mediations are scheduled, but Speedway lawyer Steve Susman said another session could arise between now and the March court date if the judge rules on pending legal matters involved in the case. More at Cincinnati.com

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