Kentucky Speedway Files Federal Antitrust Case Against NASCAR and International Speedway Corporation

CINCINNATI, July 13, 2005; -- Today, Kentucky Speedway, LLC filed suit against NASCAR and International Speedway Corporation (ISC), alleging that these defendants have violated federal antitrust laws in that they have illegally restricted the award of NASCAR NEXTEL Cup Series races, and have illegally awarded NASCAR NEXTEL Cup Series races to the International Speedway Corporation. Kentucky Speedway, LLC also alleges antitrust violations relating to various restraints of trade involving the NASCAR Busch Series races and the NASCAR Craftsman Truck Series races. The lawsuit has been filed in the United States District Court for the Eastern District of Kentucky at Covington, Kentucky.

Attorneys representing Kentucky Speedway, LLC include Cincinnati, Ohio attorney Stanley Chesley of Waite, Schneider, Bayless & Chesley and Houston, Texas attorney Steve Susman of Susman Godfrey.

"We have alleged that NASCAR and ISC have violated the federal antitrust laws," said Stan Chesley. "In my opinion, the facts clearly support a conclusion that NASCAR and ISC have colluded to exclude competition in order to financially benefit themselves. By doing so, they have harmed not only Kentucky Speedway but also all stock car racing fans nationwide. Stock car racing is the most popular spectator sport in the United States and we intend to do our best to see that fair play and fair racing is re-established."

"NASCAR and ISC's activities have harmed race fans in Ohio and Kentucky," stated Steve Susman. "NASCAR's treatment of Kentucky Speedway makes the most egregious tactics of drivers fighting for position on the track look like a Sunday afternoon drive in the country."