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DEI being sued: Dale Earnhardt Inc., founded by the late seven-time Nascar champion, was sued by a financial firm that accuses it of reneging on a deal to sell the firm a $3.25 million claim in General Motors Corp.'s bankruptcy. The Seaport Group LLC, based in New York, sued Feb. 25 in federal court in New York. The company wants the court to force Dale Earnhardt Inc. to deliver the claim or to award money damages. "After DEI signed a binding contract to sell its claim to Seaport, the value of the claim increased dramatically, and DEI refused to honor the deal," Seaport Group wrote in its complaint. Dale Earnhardt Inc., based in Mooresville, North Carolina, agreed to sell the claim for $783,604, according to the complaint. A call to DEI wasn't answered.(Business Week))(3-2-2010)
