| SWAC and Street & Smith Productions settle lawsuit
S&S to pay undisclosed sum to the SWACApril 3, 2001 BIRMINGHAM - The Southwestern Athletic Conference has announced that its year-long court battle with Street and Smith's Productions, now known as NASCAR Images, has been settled with the productions company agreeing to pay the conference an undisclosed sum of money. Street and Smith's Productions initiated legal action last July, claiming that the SWAC breached the exclusive broadcast agreement. The SWAC, in turn, filed a counterclaim against Street and Smith's for breach of contract. In the settlement of the case, Street and Smith's Productions must immediately terminate the contract which was scheduled to expire on December 31, 2002. "Not only are we happy with the settlement, but we're also happy that this long saga is finally over," stated SWAC commissioner Rudy Washington. "We're already working on finalizing a new television package with another entity which would give the conference more exposure across the board than we've ever had. We hope to be able to release the football television schedule within a few weeks." |
