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Feb 21
by darren in The Feed 0 comments tags: Formula1, Gunther

Guenther Steiner ends suit against former racing team

Former Formula One Haas team principal Guenther Steiner voluntarily dismissed his lawsuit against Haas Formula racing team Wednesday, after coming to an agreement in mediation proceedings. Steiner sued the Formula One team in April 2024, claiming that it failed to pay him commissions from 2021 to 2023 and that the team had continued to use his name and likeness in promotional materials and to sell merchandise after it declined to renew its contract with Steiner. Steiner dismissed the case with prejudice, so he cannot refile, after parties spent more than 28 hours in mediation. Before Superior Court Judge Richard Gottlieb could decide on the parties’ requests for judgment; they reached an agreement, which was not made public Wednesday. The case, which was deemed “exceptional” by the superior court in Charlotte, has largely proceeded through heavily redacted documents as attorneys work to prevent the financial details of the disagreement from becoming public. Steiner helped to build Haas’ Formula One team, recruiting sponsors and crew members and helping to keep the team financially viable in the beginning. He served as team principal from 2014 to 2023, and debuted the team in 2016. In January 2024, it was announced that team owner Gene […]
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