Truth & Rumors > Auto Racing

Hendrick's shop sues DEI

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09:45 AM ET 11.26 | HMS Holdings, which operates the Hendrick Motorsports engine shop, is suing Dale Earnhardt Inc. for $1.5 million for the payment of a termination fee stemming from a contract to supply Hendrick engines to Ginn Racing. Ginn Racing, which also is a defendant in the suit filed Friday in North Carolina Superior Court, merged with DEI in July 2007. As part of the merger, DEI and Ginn Racing signed a termination agreement to a contract that was originally signed by Ginn in 2006. The termination agreement required payments to HMS of $1.754 million by July 31, 2007, and $1.5 million by Nov. 15, 2008, according to the suit. The first payment was made on time. The second payment has not been made, according to the suit. The original engine contract and termination agreement are not included in the suit, so it is unclear how much Ginn was paying to use Hendrick engines. HMS is asking for the $1.5 million, 12 percent interest and an additional $225,000.

SceneDaily.com

Rick Hendrick, Dale Earnhardt Jr., Grant Halverson/Getty Images Rick Hendrick, Dale Earnhardt Jr., Grant Halverson/Getty Images

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November 26, 2008  09:56 AM ET
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OK, read the story and Look at the grin on Jr's face- Think that grin is going in the direction of a certain Female? LOL
Sorry, I had to!

November 26, 2008  10:00 AM ET
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lol, agree with the above

November 26, 2008  10:00 AM ET
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What's going through JR's mind in that picture?
Go get em' boss......go get em'

November 26, 2008  10:04 AM ET
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Don't forget to go to vote for the Stewie awards.
the nominations this year are hilarious.

http://www.sirius.com/tonystewart

November 26, 2008  10:36 AM ET
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This will be like trying to get blood from a rock. Ain't gonna happen.

November 26, 2008  11:05 AM ET
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COW-CHIP Racing getting sued already, Rick didn't waste anytime did he.

November 26, 2008  11:06 AM ET
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Bury her.

November 26, 2008  11:12 AM ET
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Where is the lawsuit for fraud where they said that JR was a good driver?????

November 26, 2008  11:13 AM ET
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Just kidding guys Im a JR fan

November 26, 2008  11:16 AM ET
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Buckguy; is that a JR. fan or a JGR fan?

November 26, 2008  11:23 AM ET
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Dale Jr

November 26, 2008  11:35 AM ET
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If I was owed that much money I would sue also.......even if it will be the last thing the finally buries them.......this is business and a deal is a deal.

Wish they had more pics of Jr smiling like that......they usually pick the goofy ones.

November 26, 2008  11:53 AM ET
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I'm sure HMS has Jr's 'blessing' to go after what ever monies are owed! Sic em!!!

November 26, 2008  12:33 PM ET
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QUOTE(#13):
Originally posted 11:53 AM ET  11.26 by 88Fan

I'm sure HMS has Jr's 'blessing' to go after what ever monies are owed! Sic em!!!

He is probably telling them "Hey I know where she hides it!!"

November 26, 2008  01:00 PM ET
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Maybe she can sell of some more memorabilia with her late husband's name on it to pay for this like she does for everything else. God knows she has no sponsors that are willing to kick in $1.5 mil unless it also gets them a spot on a Hendrick, Gibbs, or Roush car. This team should have been sold long ago instead of adding another black mark on the name Dale Earnhardt Inc. The namesake would be sick to know what this place has become.

November 26, 2008  01:32 PM ET
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Probably right, Buckguy! Probably a safe buried in the Garage MaJal...lol

November 26, 2008  01:56 PM ET
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12% Interest... how did they come up with a random number like that?

November 26, 2008  04:17 PM ET
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Any word if Teresa and the Widow Humper are going to fight this?

November 27, 2008  11:36 AM ET
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HAPPY THANKSGIVING TO EACH OF YOU ..
THE DR.

 
November 27, 2008  07:21 PM ET
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I hope Dale Jr. and HMS crush her! Happy Thanksgiving Ms. Earnhardt.

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