Formula 1 News: Steiner sues Haas, settles out of court (Update)

Guenther Steiner has dropped his lawsuit against the MoneyGram Haas Formula 1 team after the former team principal came to an agreement during mediation proceedings.

Documentation from the Mecklenburg County Clerk of Superior Court shows that voluntary mediation was held and, after 28 hours and 36 minutes, the parties reached an agreement on all issues.

A statement from Haas released to Autosport stated: “Haas Formula, LLC is pleased to announce that Guenther Steiner and Haas Formula, LLC have resolved their dispute, that Guenther Steiner has withdrawn all allegations previously made in his lawsuit, and all claims asserted against Haas Formula, LLC have been dismissed with prejudice.

“Both Mr. Steiner and Haas Formula, LLC wish each other success in their future endeavors and will have no further comments on this matter.”

(GMM) Days after failing to rule out a return to F1 team leadership, it emerges that sacked former Haas boss Gunther Steiner is suing the small American team.

Reports suggest the popular 59-year-old, who remains in the Formula 1 paddock as a television pundit and ambassador for the Miami GP, is seeking unpaid commissions and breach of contract.

The lawsuit, filed in North Carolina – where Haas has its US base – also accuses the team of cashing in on Steiner’s popularity by continuing to sell merchandise featuring his likeness without compensating him.

“After years of accepting the benefits of Mr. Steiner’s reputation, experience and deep connections within the sport, Haas F1 cannot withhold from Mr. Steiner the benefits he has earned,” the lawsuit reads, specifically making mention of Steiner’s memorable appearances in Drive To Survive.

“This (Netflix) exposure was extremely valuable to the upstart racing team, particularly as it looked for additional revenue streams to support itself in the notoriously expensive Formula 1 environment,” the lawsuit added.

Monetary figures and other details were redacted at Steiner’s lawyers’ request.

Just days ago, Steiner told F1’s official website that he is not ruling out a return to team management even if there is “no urgency”.

“I’m always open to a good project,” he said. “What is a good project? I can’t define it – but they always come up.

“Staying around gives me ideas. I’m very lucky I’m under no pressure. And it means I can enjoy a lot more time with my family.”