NASCAR Moves For a Settlement Conference in 23XI Racing and FRM Lawsuit

What’s Happening?

NASCAR has requested a settlement conference between itself and 23XI Racing/Front Row Motorsports in a late Monday night filing.

• In the filing, NASCAR asks that the settlement conference be moderated by a “distinguished member of the bench,” such as a magistrate judge. The two parties previously attempted to settle with Jeffrey Mishkin, formerly of the NBA, overseeing the now-defunct settlement talks in August.
• This filing from NASCAR follows a filing on Friday afternoon that featured declarations from prominent NASCAR team owners expressing their concerns about the ongoing lawsuit and its potential impact on the Charter System, which provides teams with automatic race entry and financial incentives. Settling is viewed as by many as the course of least damage for both sides, as it would avoid a potentially fiery court date in December.
• While this continues to show that NASCAR is publicly open to settlement, a response from the 23XI/FRM legal team claims that the teams would like to retain Mishkin as the mediator, stating that they prefer someone familiar with the case. “Starting over with a judicial officer who will have to learn the case background and the parties’ history is less likely, not more likely, to lead to resolution.”
• These two teams sued NASCAR just over one year ago on antitrust grounds. While this lawsuit has had its moments, it has also raised concerns among drivers, owners, and fans about the implications of either side walking away as the winner.
• We have extensively covered all aspects of this lawsuit via the timeline linked below.

Michael Jordan’s 23XI vs NASCAR: The Complete Timeline

Michael Jordan’s 23XI vs NASCAR: The Complete Timeline

What’s Happening? The 23XI Racing and Front Row Motorsports lawsuit will continue for some time. However, many developments will occur along…

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