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CART Wins $48M Settlement From ISL; Board To Meet Tomorrow
Published December 3, 2001
CART was awarded $48M in compensatory and consequential damages at a hearing in Oakland County (MI) Circuit Court for its breach-of-contract lawsuit against ISL Marketing. The suit was filed in February (CART). CART originally sought $100M. When ISL earlier this year terminated its nine-year deal with CART signed in '98, ISL said that CART "broke an exclusivity clause" (DETROIT NEWS, 12/2).
TAKING SIDES: ESPN.com's Robin Miller, on the CART BOD meeting tomorrow in Phoenix: "At stake is control