Logo
BusinessBusiness

Deutsche Bank refuses to be intimidated by Dale Earnhardt Inc.

A suit filed yesterday accuses the late Nascar driver’s racing team of backing out of a deal to sell a $3 million bankruptcy claim against General Motors over a supply contract for its Chevrolet stock cars.

Deutsche Bank claims Earnhardt — whose hard-charging founder was nicknamed “The Intimidator” — agreed to accept about $943,000 for its claim last year.

But the Manhattan federal court filing says Earnhardt instead sold it to The Seaport Group investors last month for an unspecified amount.

Deutsche Bank — which wants unspecified damages for breach of contract — says the busted deal cost it “the opportunity to sell the claim to another buyer at a profit, and/or…the ability to collect any distribution that General Motors has made or will make on the claim.”

An Earnhardt spokesman declined to comment.

Comments
anonymous profile image
Powered by RoundtableBuilt on infrastructure designed for real-time media. Learn more at RTB.io.© Roundtable 2026. By using this site you agree to the Terms of Use and Privacy Policy