BALTIMORE (AP) — The man credited with coming up with the idea of the Baltimore Grand Prix and an investor are asking the court to enforce agreements with race organizers worth more than $1 million.


In a complaint filed last week in Baltimore Circuit Court, Steven Wehner, who launched efforts to bring racing to the city, says Baltimore Racing Development owes him $750,000 for his 10.2 percent interest in the organization, plus legal fees and interest.


Investor Sean Conley of West Tisbury, Mass., filed a complaint Tuesday seeking $408,000 for lack of payment on about half his 10.2 percent interest, plus interest and legal fees.


Baltimore Racing Development CEO Jay Davidson says he could not comment on specifics but he’s confident the facts will show BRD dealt fairly with both men.


(Copyright 2011 by The Associated Press. All Rights Reserved.)

  1. Chuck says:

    Since when are disgruntled minority shareholders in a closely-held company allowed to gain redress in court? Absent some special agreement to the contrary, they can just sit and stew because they have no rights.

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