Resolution Reached In Andretti Sports Marketing v. Andretti Autosport Dispute

INDIANAPOLIS (August 19, 2015) – The parties involved in the recent filing of Andretti Sports Marketing v. Andretti Autosport reached a resolution Tuesday. The parties came to a preliminary settlement agreement through the assistance of Mediator John R. Van Winkle. Although the terms and conditions are confidential, the mediator commented that all parties, including Michael Andretti, John Lopes and Starke Taylor, went to extraordinary lengths to keep their employees, fans and the racing community in mind. There will be no further litigation and this matter will be dismissed. As a result of this settlement, the parties have agreed that Andretti Sports Marketing will be sold to Mr. Lopes and Mr. Taylor and will be renamed.

With this dispute closed, the parties and their executives remain focused on their future businesses.

Andretti Autosport