Michael Jordan’s Racing Team Loses Injunction Bid Against NASCAR

Two racing teams, including one co-owned by NBA Hall of Famer Michael Jordan, failed to convince a judge to grant a preliminary injunction against NASCAR in a case accusing the organization of a monopolizing the stock car racing market.

Judge Frank D. Whitney of the US District Court for the Western District of North Carolina in a Friday order said the racing team plaintiffs didn’t meet the burden for a preliminary injunction because they didn’t sufficiently allege present, immediate, urgent irreparable harm, but rather only “speculative, possible harm.”

The teams’ request for an injunction is part of a larger case ...