Share “Ecclestone has legal bill of $6.6M after...”

Ecclestone has legal bill of $6.6M after case win

Published on NewsOK Modified: March 27, 2014 at 1:31 pm •  Published: March 27, 2014
Advertisement

LONDON (AP) — Formula One boss Bernie Ecclestone must pay lawyers' bills of about 4 million pounds ($6.6 million) despite winning his case relating to the grubby sale of the series in 2005.

In February, a judge at the London High Court dismissed the case but said it had nevertheless been a corrupt deal and questioned Ecclestone's honesty.

On Thursday, he concluded that Ecclestone would have to pay a price for giving "untruthful evidence" by picking up half of his legal bills, despite the "general rule" following trials that the loser picks up the winner's legal bills.

A former F1 shareholder, German media company Constantin Medien, sued Ecclestone and other defendants for up to $144 million, claiming F1 was undervalued at the time of the sale to investment group CVC Capital Partners.