Judge tosses verdict against New Hampshire track
By The Associated Press
January 28, 2012 1:05 PM, EST
January 28, 2012 1:05 PM, EST
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CONCORD, N.H. -- A judge has thrown out a verdict that would have required New Hampshire Motor Speedway to pay nearly $1 million to cancel its contract with Motor Racing Network.
A jury awarded MRN $993,724 last September because New Hampshire did not meet a three-year notice of termination when Speedway Motorsports Inc. bought the track in 2008. SMI wanted its radio network -- Performance Racing Network -- to broadcast NASCAR events at the track.
New Hampshire Superior Court Judge Richard McNamara presided over the trial, but threw out the verdict in a Wednesday ruling.
McNamara wrote the jury based its award on MRN's projected lost profits, and that can't be a basis for damages.
International Speedway Corp., which owns MRN, said in a statement it will appeal the ruling.
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