Yamaha reach settlement with Hayden

Tuesday, 18 March 2003

Yamaha reach settlement with Hayden

The following statement has been released by Yamaha Motor Company, Ltd., International Racers, Inc. (IRI) and Nicky Hayden:

`Yamaha Motor Company, Ltd., International Racers, Inc. (IRI) and Nicky Hayden herewith announce that a settlement has been reached in relation to a claim by Yamaha Motor Company, Ltd. against IRI and Nicky Hayden with regard to the contractual issues related to the 2003 and 2004 racing season. This settlement will prevent any litigation between the parties regarding these claims. IRI and Mr. Hayden wish to emphasize that Yamaha never did anything wrong or inappropriate and that they greatly admire Yamaha and have the utmost respect for Yamaha as a fine racing organization.´

`The parties mutually agreed that this out of court settlement was in the best interests of all parties and for the sport of motorcycle racing. This settlement will allow Yamaha, Nicky Hayden and IRI to put this dispute behind them. Terms of the settlement are confidential.´
TAGS 2003 Nicky Hayden

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