06/12/2004
NEWS STORY
It's understood that McLaren and WilliamsF1 are taking action against law firms Linklaters and Baker & McKenzie (B&M), claiming negligence.
It's believed that the two teams are claiming that they were badly advised when Bernie Ecclestone was looking to sell a large slice of Formula One in the late-90s.
The claim form states: "In negotiating with Mr Ecclestone and/or the (Ecclestone Family) Trusts, and in preparing the relevant agreement dated 22 May 1998, the defendants acted negligently and in breach of their contractual and/or tortious duties, with the result that when the Trusts disposed of the commercial rights in 1999-2001 the teams were not entitled to and/or did not receive any share in the relevant proceeds."