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F1 Boss Bernie Ecclestone has legal bill of $6.6M after case win.

LONDON :  Formula One boss Bernie Ecclestone must pay lawyers' bills of about 4 million pounds ($6.6 million) despite winning his case relating to the grubby sale of the series in 2005.   In February, a

India TV News Desk [ Updated: March 28, 2014 7:15 IST ]
f1 boss bernie ecclestone has legal bill of 6.6m after case
f1 boss bernie ecclestone has legal bill of 6.6m after case win.


LONDON :  Formula One boss Bernie Ecclestone must pay lawyers' bills of about 4 million pounds ($6.6 million) despite winning his case relating to the grubby sale of the series in 2005.

   
In February, a judge at the London High Court dismissed the case but said it had nevertheless been a corrupt deal and questioned Ecclestone's honesty.
   
On Thursday, he concluded that Ecclestone would have to pay a price for giving "untruthful evidence" by picking up half of his legal bills, despite the
"general rule" following trials that the loser picks up the winner's legal bills.
   
A former F1 shareholder, German media company Constantin Medien, sued Ecclestone and other defendants for up to $144 million, claiming F1 was undervalued at the time of the sale to investment group CVC Capital Partners.

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