Truth & Rumors > Auto Racing
Hendrick's shop sues DEI
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.
Rick Hendrick, Dale Earnhardt Jr., Grant Halverson/Getty Images
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Comments (22) Add A Comment
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!
-Mr. FLOAT-
Total Comments (3593)
lol, agree with the above
svt.
Total Comments (2032)
What's going through JR's mind in that picture?
Go get em' boss......go get em'
shave the Busch
Total Comments (195)
Don't forget to go to vote for the Stewie awards.
the nominations this year are hilarious.
http://www.sirius.com/tonystewart
Asbel
Total Comments (654)
This will be like trying to get blood from a rock. Ain't gonna happen.
JKINDELRAY
Total Comments (2891)
COW-CHIP Racing getting sued already, Rick didn't waste anytime did he.
Hammered_everynight
Las Vegas, NV
Total Comments (3261)
Bury her.
Explosion!
Total Comments (2442)
Where is the lawsuit for fraud where they said that JR was a good driver?????
BUCKGUY
Marshville , NC
Total Comments (514)
Just kidding guys Im a JR fan
BUCKGUY
Marshville , NC
Total Comments (514)
Buckguy; is that a JR. fan or a JGR fan?
Flat Mann
Total Comments (240)
Dale Jr
BUCKGUY
Marshville , NC
Total Comments (514)
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.
LittleE~BigM fan
Total Comments (3145)
I'm sure HMS has Jr's 'blessing' to go after what ever monies are owed! Sic em!!!
88Fan
Total Comments (1429)
He is probably telling them "Hey I know where she hides it!!"
BUCKGUY
Marshville , NC
Total Comments (514)
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.
AppStateGrad04
Charlotte , NC
Total Comments (114)
Probably right, Buckguy! Probably a safe buried in the Garage MaJal...lol
88Fan
Total Comments (1429)
12% Interest... how did they come up with a random number like that?
IamRightYouAreWrong
Florence , SC
Total Comments (765)
Any word if Teresa and the Widow Humper are going to fight this?
MrMiyagiJr
Total Comments (2662)
HAPPY THANKSGIVING TO EACH OF YOU ..
THE DR.
drflavio309
Total Comments (2876)
I hope Dale Jr. and HMS crush her! Happy Thanksgiving Ms. Earnhardt.
Spanking Stunt…
Miami , FL
Total Comments (59)
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