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Closing Bell

Baltimore Drops Lawsuit Against The Stronach Group

Baltimore officials today "withdrew a lawsuit" against The Stronach Group, owners of Pimlico Race Course, saying that the two sides "had a productive discussion during the Preakness and have 'discussed the resumption of good faith negotiations.'" The city filed the suit against The Stronach Group in March. Lester Davis, a spokesman for Baltimore Mayor Jack Young, said that the "talks are expected to begin in coming weeks and that the mayor’s 'baseline' for the talks is that the Preakness continue to be held at Pimlico" (BALTIMORESUN.com, 6/12).

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