FORT WORTH, Texas, Oct. 16 (UPI) -- Texas Motor Speedway on Tuesday settled a lawsuit filed against CART due to the cancelation of the Firehawk 600 on April 29.
Terms were not disclosed as a condition of the settlement.
In the lawsuit, track officials sought return of the purse and sanction fee in addition to compensation for expenses incurred by the speedway, lost profits and other damages.
"We have reached a favorable agreement and are glad to have this behind us," said speedway chairman Bruton Smith. "We're very happy for this to be concluded."
CART took the unprecedented step of calling off the race due to concerns for drivers' safety. Speeds at the 1 ½-mile oval exceeded 236 miles per hour during practice and reached over 233 miles per hour in qualifying.
A majority of drivers experienced dizziness from the extreme g-forces generated by the design of champ cars, with 21 of 25 drivers having experienced lateral and vertical gravitational force while in the cockpit.
"We are pleased to have reached a settlement on this matter so both sides can now move on with our business," CART chairman Joseph H. Heitzler said. "We were disappointed to not be able to showcase our racing to all the fans who came out at Texas Motor Speedway and we again apologize to our fans for any inconvenience caused by our decision to not race. However, under the circumstances, we believe it was absolutely the proper choice."
In the suit, the speedway indicates it urged CART last October to conduct testing and make sure there were no problems with the speed of the cars.
