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Clear Channel faces $90 million verdict in promoter claim

[JURIST] A jury has delivered a $90 million verdict against Clear Channel Communications [corporate website] for interfering with another promoter's attempts to host motorcycle racing events in Chicago. The verdict, handed down Monday, rejected an antitrust claim against Clear Channel, but jurors found that Clear Channel interfered with JamSports' negotiations to hold an American Motorcycle Association race in 2001. Clear Channel eventually renewed its previous deal to promote the event. Clear Channel maintained that its actions were legal competition. The company is already the subject of two federal antitrust investigations, as well as an inquiry launched by NY Attorney General Eliot Spitzer. The Chicago Sun-Times has more.

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