Jam filed for $90 million judgment.
U.S. District Court in Chicago Judge Matthew Kennelly today (May 11) denied a motion seeking a court order for Clear Channel Communications (CCC) to secure the previously awarded $90 million judgment awarded to JamSports (Billboard.biz, May 9).
Attorneys for JamSports, a division of Chicago promoter Jam Productions, filed the motion on May 5, citing a recent negative earnings report issued by Clear Channel as well as the news that CCE chairman/CEO Brian Becker would be stepping down and that CCC would spin off CCE as a separate entity (Billboard, May 14).
In March, a Chicago jury awarded more than $90 million to JamSports in a suit against CCC subsidiary Clear Channel Entertainment and Paradama Productions (dba AMA Pro Racing) regarding promotion of American Motorcycle Association events.
The court is expected to rule on CCC post-trial motions to overturn the jury verdict in June.