Latest news with #UnfairandDeceptiveTradePracticesAct
Hamilton Spectator
16-07-2025
- Automotive
- Hamilton Spectator
Legacy Motor Club sues broker for alleged interference in NASCAR charter deal with Rick Ware Racing
CHARLOTTE, N.C. (AP) — Legacy Motor Club on Wednesday sued the broker who helped negotiate its purchase of a charter from Rick Ware Racing, accusing him of tortious interference for now trying to buy Ware's NASCAR team. Legacy alleged in its filing in North Carolina Superior Court that T.J. Puchyr, acting as a consultant for the Cup Series team owned by seven-time NASCAR champion Jimmie Johnson, violated the state Unfair and Deceptive Trade Practices Act by using 'insider knowledge and position of trust to interfere with Legacy's Agreement with RWR.' Legacy also accused Puchyr of making public personal attacks against Johnson when he announced last month his plans to purchase Ware's tiny race team. The dispute began not long after Legacy entered into agreement for Johnson and his partners at Knighthead Capital Management to purchase one of Ware's two charters. Legacy says the deal is for next season, when it plans to expand to three full-time Cup cars. RWR maintains the deal was for 2027 because it already is under contract with RFK Racing to lease that organization a charter next season. Ware says he didn't read the contract closely when he signed it to note that it read 2026, and that honoring the RFK contract and selling a second charter to Legacy next year would put the NASCAR team out of business. Legacy in April sued Ware, but as that fight is playing out, it claims Puchyr struck a deal to buy RWR. Puchyr is a co-founder of Spire Motorsports and now acts as a motorsports consultant. 'Mr. Puchyr was well aware of the parties' dispute. He knew of the charter purchase agreement between Legacy and RWR that he helped broker,' the suit contends. 'Despite Mr. Puchyr's insider knowledge of the contract, his obligations under his consulting agreement with Legacy, Legacy's contractual right to a charter ... Mr. Puchyr recently announced that he intends to purchase both of RWR's charters for himself.' The latest filing is part of two active lawsuits surrounding charters, which are at the heart of NASCAR's business model. Having one is vital to a team's survival. 23XI Racing and Front Row Motorsports are locked into a prolonged suit with NASCAR over antitrust allegations against the most popular motorsports series in the United States. 23XI, co-owned by retired NBA great Michael Jordan, and Front Row, owned by entrepreneur Bob Jenkins, last September refused to sign the charter agreements offered by NASCAR after more than two years of contentious negotiations on extensions. The two were the only holdouts out of 15 organizations to refuse the extensions. They instead sued and are awaiting a federal judge's decision on if they will be stripped of their six combined charters as the case heads toward a Dec. 1 trial date. NASCAR has said it has asked multiple times for settlement proposals but heard nothing. NASCAR also has no intention of renegotiating the charter agreements held by 30 other teams. Johnson, despite his own legal fight, said last weekend that he supported a settlement in the antitrust case. 'I would love to see a settlement of some kind,' Johnson said. 'I really don't think that getting into a knock-down, drag-out lawsuit is good for anybody.' ___ AP auto racing:
Fox Sports
16-07-2025
- Automotive
- Fox Sports
Legacy Motor Club sues broker for alleged interference in NASCAR charter deal with Rick Ware Racing
Associated Press CHARLOTTE, N.C. (AP) — Legacy Motor Club on Wednesday sued the broker who helped negotiate its purchase of a charter from Rick Ware Racing, accusing him of tortious interference for now trying to buy Ware's NASCAR team. Legacy alleged in its filing in North Carolina Superior Court that T.J. Puchyr, acting as a consultant for the Cup Series team owned by seven-time NASCAR champion Jimmie Johnson, violated the state Unfair and Deceptive Trade Practices Act by using 'insider knowledge and position of trust to interfere with Legacy's Agreement with RWR.' Legacy also accused Puchyr of making public personal attacks against Johnson when he announced last month his plans to purchase Ware's tiny race team. The dispute began not long after Legacy entered into agreement for Johnson and his partners at Knighthead Capital Management to purchase one of Ware's two charters. Legacy says the deal is for next season, when it plans to expand to three full-time Cup cars. RWR maintains the deal was for 2027 because it already is under contract with RFK Racing to lease that organization a charter next season. Ware says he didn't read the contract closely when he signed it to note that it read 2026, and that honoring the RFK contract and selling a second charter to Legacy next year would put the NASCAR team out of business. Legacy in April sued Ware, but as that fight is playing out, it claims Puchyr struck a deal to buy RWR. Puchyr is a co-founder of Spire Motorsports and now acts as a motorsports consultant. 'Mr. Puchyr was well aware of the parties' dispute. He knew of the charter purchase agreement between Legacy and RWR that he helped broker,' the suit contends. 'Despite Mr. Puchyr's insider knowledge of the contract, his obligations under his consulting agreement with Legacy, Legacy's contractual right to a charter ... Mr. Puchyr recently announced that he intends to purchase both of RWR's charters for himself.' The latest filing is part of two active lawsuits surrounding charters, which are at the heart of NASCAR's business model. Having one is vital to a team's survival. 23XI Racing and Front Row Motorsports are locked into a prolonged suit with NASCAR over antitrust allegations against the most popular motorsports series in the United States. 23XI, co-owned by retired NBA great Michael Jordan, and Front Row, owned by entrepreneur Bob Jenkins, last September refused to sign the charter agreements offered by NASCAR after more than two years of contentious negotiations on extensions. The two were the only holdouts out of 15 organizations to refuse the extensions. They instead sued and are awaiting a federal judge's decision on if they will be stripped of their six combined charters as the case heads toward a Dec. 1 trial date. NASCAR has said it has asked multiple times for settlement proposals but heard nothing. NASCAR also has no intention of renegotiating the charter agreements held by 30 other teams. Johnson, despite his own legal fight, said last weekend that he supported a settlement in the antitrust case. 'I would love to see a settlement of some kind," Johnson said. "I really don't think that getting into a knock-down, drag-out lawsuit is good for anybody.' ___ AP auto racing: recommended Item 1 of 1 in this topic
Winnipeg Free Press
16-07-2025
- Automotive
- Winnipeg Free Press
Legacy Motor Club sues broker for alleged interference in NASCAR charter deal with Rick Ware Racing
CHARLOTTE, N.C. (AP) — Legacy Motor Club on Wednesday sued the broker who helped negotiate its purchase of a charter from Rick Ware Racing, accusing him of tortious interference for now trying to buy Ware's NASCAR team. Legacy alleged in its filing in North Carolina Superior Court that T.J. Puchyr, acting as a consultant for the Cup Series team owned by seven-time NASCAR champion Jimmie Johnson, violated the state Unfair and Deceptive Trade Practices Act by using 'insider knowledge and position of trust to interfere with Legacy's Agreement with RWR.' Legacy also accused Puchyr of making public personal attacks against Johnson when he announced last month his plans to purchase Ware's tiny race team. The dispute began not long after Legacy entered into agreement for Johnson and his partners at Knighthead Capital Management to purchase one of Ware's two charters. Legacy says the deal is for next season, when it plans to expand to three full-time Cup cars. RWR maintains the deal was for 2027 because it already is under contract with RFK Racing to lease that organization a charter next season. Ware says he didn't read the contract closely when he signed it to note that it read 2026, and that honoring the RFK contract and selling a second charter to Legacy next year would put the NASCAR team out of business. Legacy in April sued Ware, but as that fight is playing out, it claims Puchyr struck a deal to buy RWR. Puchyr is a co-founder of Spire Motorsports and now acts as a motorsports consultant. 'Mr. Puchyr was well aware of the parties' dispute. He knew of the charter purchase agreement between Legacy and RWR that he helped broker,' the suit contends. 'Despite Mr. Puchyr's insider knowledge of the contract, his obligations under his consulting agreement with Legacy, Legacy's contractual right to a charter … Mr. Puchyr recently announced that he intends to purchase both of RWR's charters for himself.' The latest filing is part of two active lawsuits surrounding charters, which are at the heart of NASCAR's business model. Having one is vital to a team's survival. 23XI Racing and Front Row Motorsports are locked into a prolonged suit with NASCAR over antitrust allegations against the most popular motorsports series in the United States. 23XI, co-owned by retired NBA great Michael Jordan, and Front Row, owned by entrepreneur Bob Jenkins, last September refused to sign the charter agreements offered by NASCAR after more than two years of contentious negotiations on extensions. The two were the only holdouts out of 15 organizations to refuse the extensions. They instead sued and are awaiting a federal judge's decision on if they will be stripped of their six combined charters as the case heads toward a Dec. 1 trial date. Thursdays Keep up to date on sports with Mike McIntyre's weekly newsletter. NASCAR has said it has asked multiple times for settlement proposals but heard nothing. NASCAR also has no intention of renegotiating the charter agreements held by 30 other teams. Johnson, despite his own legal fight, said last weekend that he supported a settlement in the antitrust case. 'I would love to see a settlement of some kind,' Johnson said. 'I really don't think that getting into a knock-down, drag-out lawsuit is good for anybody.' ___ AP auto racing:
Yahoo
18-04-2025
- Business
- Yahoo
R.I. AG settlement forces real estate company to refund tenant applicants $100K in ‘excessive' fees
Newport Avenue Apartments in East Providence is one of five housing complexes owned by A.R. Building Co. in Rhode Island. (Photo by Nancy Lavin/Rhode Island Current) A national real estate company will have to pay back nearly $100,000 in fees charged to local residents who applied to live at any of its Rhode Island housing properties under a settlement announced Thursday by the Rhode Island Office of the Attorney General. The agreement comes four months after the AG's office sued A.R. Building Co. in state Superior Court, alleging the Philadelphia company violated consumer protection laws by forcing prospective tenants to pay 'excessive' application and screening fees. The state's December lawsuit alleged the company violated Rhode Island's Unfair and Deceptive Trade Practices Act and a new state law which took effect on Jan. 1 that limits fees landlords can charge to prospective tenants. The 19-page complaint lists three anonymous consumers — identified as A, B, and C — as examples, but the AG's office estimates nearly 400 applicants paid fees during the 13-month timeframe of the complaint, said Tim Rondeau, a spokesperson for the AG. The state also claimed in its complaint that the company violated state and federal fair housing protections by requiring a more difficult application process for applicants with disabilities. As part of the settlement, which resolves all components of the complaint, A.R. Building will also pay $114,750 to the state for a total monetary compensation of $213,000. And, it has agreed to stop charging application fees to residents looking to live in any of its five local housing complexes, while allowing prospective tenants to avoid screening fees by submitting their own documents as part of the application. 'We will hold accountable any entity that attempts to take advantage of consumers by implementing illegal barriers to finding a home, a practice made all the more egregious by the fact that we are in the midst of a severe housing crisis,' Attorney General Peter Neronha said in a statement. 'With this settlement, not only are we returning nearly $100,000 to Rhode Island consumers, we are barring this company from further engaging in behaviors that we allege are illegal and discriminatory. We must make it easier, not harder, for people to obtain safe, affordable housing, and that's why my Office will continue to hold accountable bad actors who place profits over people. Let this settlement serve as a warning to those who may still be engaging in illegal housing practices; we won't stand for it, and we won't hesitate to take further action.' Michael Gamboli, a partner at Partridge Snow & Hahn LLP in Providence representing A.R. Building Co., did not immediately return inquiries for comment Friday. The company owns more than 800 apartments, condominiums and townhouses across five complexes in Rhode Island: East Providence's Kettle Point and Newport Avenue Apartments, Dowling Village in Smithfield, Highland Hills in Cumberland and Reynolds Farm in North Kingstown. State residents who paid application or administrative fees as part of an application to any of the local properties from Jan. 1 2024 to Jan. 30, 2025, should contact the property manager where they applied to receive a refund. Applicants have until July 1 to claim their refunds; unclaimed money will be donated to the Special Olympics of Rhode Island. SUBSCRIBE: GET THE MORNING HEADLINES DELIVERED TO YOUR INBOX
