$250m lawsuit Justin Humphries/ Dart ?

[fatcat]

Just saw that RaceRedi sued Dart Machinery for $250 million back in June 08. Anybody hear what the deal is or if its been settled ?

 

[.]

Link?

 

["Chuck"]

Just saw that RaceRedi sued Dart Machinery for $250 million back in June 08. Anybody hear what the deal is or if its been settled ?

Huge fallout between Maskin and the Humphries family is all I know about it...Its real hush hush.

 

[vegasnitro]

$250 Million!?!?!?!? I also would like to see a link.

How was that ridiculous figure arrived at (assuming that figure is correct)? This time last year you could have bought the entire NHRA and 5 member tracks for HALF that figure. You could lease Pro Stock engines for the next 100 years at that rate.

I understand that things sometimes don't work out in business and lawyers get involved ... but I can't imagine ANY scenario in Pro Stock that could amount to that figure.

 

[Nitrohaulic]

Who knows what Dart Machinery is actually comprised of? When you produce your own blocks and heads, what else might you be producing for other industries? I have a friend who is doing a decent volume of CNC milling/parts producing work for the government and you'd never guess by the looks of things outside.

Maybe $250 million is just a fluff number to give him something nice to drop back to.

 

[clutchflite]

Did a little Google research and if I'm reading the filings right it looks like they dropped the amount to $200,000.

 

[vegasnitro]

Did a little Google research and if I'm reading the filings right it looks like they dropped the amount to $200,000.

That makes much more sense to me.

 

[Super Mod]

While looking for that suit I found Dart Machinery vs. Bob Benza iin 2007. What was that all about?

 

[Joker]

Dick gets sued all the time, and he sues people all the time. Nothing new there. In the last few years he has either sued/been sued by: Humprheys (raceredi), Billy Glidden, Big 0, Benza, and some others that I cant remember I'm sure. I'm still shocked that Yates is back with him now considering how there deal ended.

 

[Jer]

Dick gets sued all the time, and he sues people all the time. Nothing new there. In the last few years he has either sued/been sued by: Humprheys (raceredi), Billy Glidden, Big 0, Benza, and some others that I cant remember I'm sure. I'm still shocked that Yates is back with him now considering how there deal ended.

Is yets running with Maskin this weekend>?