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GEM agrees to drop lawsuit as merger plans are terminated

Updated: September 19, 2008, 5:40 PM ET
ESPN.com news services

Gillett Evernham Motorsports and Robby Gordon Motorsports announced on Friday that they have ended plans to merge, nearly eight months after a tentative merger agreement was first struck.

As part of the dissolution, GEM agreed to drop its lawsuit against Robby Gordon Motorsports. GEM had filed the suit in late August as more issues arose over the merger plans.

A news release from GEM stated in part: "Management personnel for the two teams acknowledge that there were misunderstandings, ...

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