The legal battle between Jesse Iwuji Motorsports (JIM) and Equity Prime Mortgage (EPM) over a $6 million, two-year NASCAR sponsorship will head to mediation next week.
Judge Beth Bloom in U.S. District Court for the Southern District of Florida signed an order on April 12 requiring the two parties to participate in a mediation conference set for April 25 at 10 a.m. with attorney Giselle Leonardo in Fort Lauderdale, Fla. Both parties have agreed to Leonardo as the mediator.
The order also states that, “On or before April 28, 2023, the parties shall file a mediation report indicating whether all required parties participated in the mediation. The report shall also indicate whether the case settled (in full or in part), the mediation was continued with the consent of the parties, [and] whether the mediator declared an impasse….”
It adds that, the parties “may not reschedule the mediation without leave of court.”
The mediation stems from a lawsuit and counter-lawsuit filed in the case.
Read the complete article here.
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