Please select your home edition
Edition
Gul 2020 LEADERBOARD

America's Cup legal action continues after the Match - Updated

by Richard Gladwell on 4 Mar 2010
The wing sail wins the 33rd America’s Cup Mark OBrien/Alinghi http://www.alinghi.com

Two legal actions initiated before the start of the 33rd America's Cup are still ongoing, despite the winning of the trophy by BMW Oracle Racing in mid-February.

The Breach of Fiduciary Duty action leveled at the Defender, Societe Nautique de Geneve, and Alinghi team boss, Ernesto Bertarelli is due to have a response to the action lodged by the Challenger, Golden Gate Yacht Club by 8 March.

The second action relating to Constructed in Country issues, specifically that Alinghi 5 should not have been allowed to use sails built in Minden, Nevada is due back in the New York Supreme Court on 10 March.

Both actions could be wiped if the parties agreed on a basis of settlement before these dates, an issue that Sail-World has been advised is 'under discussion'.

At the final Media Conference for the 33rd America's Cup, both side were asked their position on the Court actions. Both Ernesto Bertarelli and skipper, Brad Butterworth, made it plain that they would not be entering the 34th America's Cup while they were being sued by the new Defender.

When questioned on the point as to whether the lawsuits would be dropped, having just won the America's Cup, team founder, Larry Ellison was asked whether the lawsuits would be dropped, to which he responded: 'The only thing we ever wanted was to meet Alinghi on the water under a fair set of rules and that's what we got today, and we're extremely happy.'

There has been no further comment on the so-called 'mutiny' aboard the Race Committee boat just prior to the start of the final race of the 33rd America's Cup.

In a parallel story, Joanne Blad writing for ArabianBusiness.com reports that Ras al Khaimah had not spent the $120million earlier reported on facilities and quoted in media releases by SNG:

Khater Massaad, CEO of RAK Investment Authority (RAKIA), also said the amount invested by the emirate to overhaul its infrastructure ahead of the race fell far short of the reported $120m, and that its partner in the bid, Swiss racing syndicate Alinghi, had refunded $5m of the state’s costs.

To read the full story www.arabianbusiness.com/582896-americas-cup-bwww.arabianbusiness.comlow-put-rak-on-world-map---official!click_here

Official-Team-Gear-Red 728x90 BOTTOMNorth Sails 2019 - NSVictoryList - FooterMelges IC37 2019 Footer

Related Articles

2020 U.S. Match Racing Championship cancelled
2021 event scheduled for October 1-3 at Long Beach US Sailing and the U.S. Match Racing Championships Committee have announced the cancellation of the 2020 U.S. Match Racing Championship, originally scheduled to be hosted by the Rochester Yacht Club in Rochester, NY.
Posted today at 2:40 pm
Changes made to Edgartown Race Weekend
Edgartown Yacht Club has cancelled the buoy racing segment The Edgartown YC has cancelled the buoy racing segment of its annual Edgartown Race Weekend; however, it will still host the 82nd running of its signature 'Round-the-Island race on August 1 in addition to the newer 'Round-the-Sound event the same day.
Posted today at 2:25 pm
Vendée-Arctique-Les Sables d'Olonne Race preview
The IMOCA season is set to start on Saturday After the unprecedented interruption of the IMOCA racing season because of the Covid-19 pandemic, the action on the water is finally about to start with the innovative new 'Arctique' race, starting on 4th of July, 3.30pm CET.
Posted today at 6:01 am
America's Cup: Dalton explains need for injunction
Team New Zealand and America's Cup Event CEO, Grant Dalton on need for injunction Team New Zealand and America's Cup Event CEO, Grant Dalton has issued a statement explaining the Sailing team and Event organisation's rationale for obtaining a High Court injunction blocking publication of a confidential draft report on AC36 Hosting
Posted today at 3:02 am
America's Cup: Te Aihe's returns to the Waitemata
On Wednesday, Emirates Team New Zealand had a long five hour session mostly sailing on America's Cup On Wednesday, Emirates Team NZ had a long five hour session mostly sailing on America's Cup Course C. They were sailing in mid-Winter - one can only guess as to the wind chill factor in the AC75 foiling at 30-35kts.
Posted today at 12:07 am
Oakcliff Doublehanded Offshore Race returns
It's starting to feel like summer! Happy July! It's starting to feel like summer here on the Oakcliff campus now that there's been a steady stream of new trainees entering the Bubble.
Posted on 2 Jul
America's Cup Event body obtains Court injunction
America's Cup Event Ltd obtains High Court injunction on confidential report publication America's Cup Event Ltd and Team New Zealand Ltd have obtained an injunction in the High Court in Auckland restraining media from publishing the contents of a confidential draft report on the $40m Event Fee expenditure
Posted on 2 Jul
World Sailing Presidential Newsletter: June 2020
Kim Andersen focused on finalising and ensuring the financial future of World Sailing The past month has been focused on finalising and ensuring the financial future of World Sailing caused by the COVID-19 pandemic.
Posted on 2 Jul
New President for Int. Cape Horners Association
The Earl of Portsmouth DL. appointed The International Association of Cape Horners whose Patron is HRH The Duke of Edinburgh, has a new President - The Earl of Portsmouth DL.
Posted on 2 Jul
Sail-World NZ news : June 30 - The Week that Was
Latest newsletter from Sail-World New Zealand, with the top stories covering the America's Cup Latest newsletter from Sail-World New Zealand, with the top stories covering the America's Cup along with the latest Editorial covering the rumours circulating that the America's Cup could be compressed/delayed/postponed - and why this can't happen.
Posted on 2 Jul