Michael Jordan’s Team Drops Antitrust Appeal Against NASCAR (1)

Two racing teams, including one owned by NBA Hall of Famer Michael Jordan, voluntarily dropped an appeal challenging a decision that denied their request for a preliminary injunction against NASCAR in an antitrust case accusing the organization of monopolizing the stock car racing market.

Jordan’s team, 23XI, and Front Row Motorsports Inc. on Wednesday filed a motion for dismissal of the appeal, saying “circumstances have changed in the underlying case.” NASCAR removed an antitrust release requirement in its agreements, allowing 23XI and Front Row Motorsports to race as open teams next year, said Jeffrey Kessler, attorney for Winston & Strawn ...