Truth & Rumors > Auto Racing

GEM-Gordon dispute dismissed

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Robby Gordon Motorsports and Gillett Evernham Motorsports announced jointly Friday the two have resolved differences over a disputed plan to merge the two organizations. Disagreement over a proposal to merge led to the filing of a $23.5 million lawsuit recently by GEM in which it claimed Gordon violated the terms of a tentative agreement that would have sold his team to GEM. As part of the resolution announced Friday, the lawsuit will be dismissed and the merger will not proceed.

Charlotte Observer

Robby Gordon, Chris Graythen/Getty Images Robby Gordon, Chris Graythen/Getty Images

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September 20, 2008  09:48 AM ET
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I guess these guys won't be going Fishing together anytime soon!

September 20, 2008  10:00 AM ET
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If I was to guess, I would say Gordon misrepresented the value of his holdings. This wasn't the first rodeo for that Gillett fellow. He didn't get the money he has by being snookered by a driver/owner.
I think they are sitting at the same table at the A I G Christmas Party. It's open to all of us seeing we paid for it. LOL

September 20, 2008  10:00 AM ET
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Robby balked....hang in there...you are a dying breed.

September 20, 2008  11:17 AM ET
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As part of the deal Robby had to promise NEVER to ride for GEM. Ever!

September 20, 2008  11:50 AM ET
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Robby has been bitter ever sense the Rally was canceled because of terrorist threats. He lost millions on that deal.

September 20, 2008  01:25 PM ET
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Don't know who is right here but Mr. Gordon comes across as a little shifty. I have to go now and tell my grand children that they are the ones that will pay the bailout that the oligarchy has bestowed on the monied people. Viva el Bushy

September 20, 2008  01:48 PM ET
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One word = GOOD

 
September 21, 2008  07:10 AM ET
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Hard to tell who is the bad guy and who is the good one between these, but glad they settled so we don't have to hear about it anymore.

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