Ex-F1 Boss Settles US Private Equity Firm's Bribery Claim

Law360, London (October 18, 2018, 2:43 PM BST) -- Former Formula One chief executive Bernie Ecclestone has settled a U.K. lawsuit from an American private equity firm claiming he bribed a BayernLB official to ensure the German lender would sell its stake in the motor racing championship to a competing private equity company.

Bernie Ecclestone has agreed a confidential settlement with a private equity firm in the U.S. over bribery allegations against him, according to an order signed at the High Court in London. (AP) Ecclestone, Bayerische Landesbank and others struck a confidential settlement with Bluewaters Communications Holdings LLC in August, according to a High Court order signed by Judge Stephen...

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