Thursday, February 20, 2014

Judge dismisses claim against F1 boss but says he paid bribe hollywoodtone.blogspot.com

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hollywoodtone.blogspot.com Judge dismisses claim against F1 boss but says he paid bribe

LONDON (Reuters) - A British judge dismissed on Thursday claims for damages by a German firm against Formula One boss Bernie Ecclestone over his involvement in the 2005 sale of a stake in the motor racing business.


German company Constantin Medien EV4G.DE had alleged that Ecclestone, 83, was part of a "corrupt bargain" with a German banker to undervalue Formula One and favor the sale of a controlling stake to private equity fund CVC - which had agreed to keep Ecclestone on as chief executive of the business.


(Reporting by Estelle Shirbon; editing by Stephen Addison)


hollywoodtone.blogspot.com Judge dismisses claim against F1 boss but says he paid bribe