P1racenews AI automatic summary:
A crucial update in Guenther Steiner’s lawsuit against the Haas F1 Team has been announced by the outfit to RacingNews365.
Former Haas F1 Team principal Guenther Steiner has dropped the lawsuit against the team, reaching an agreement during mediation proceedings. Steiner had sued Haas Formula, LLC last April over money owed due to his contract not being extended by team founder Gene Haas. The lawsuit claimed that Haas F1 used Steiner’s fame to build popularity, citing the impact of Netflix’s Drive to Survive series. The case also highlighted Steiner’s key role in F1’s growth in America. Documentation shows Steiner dismissing the case, with both parties reaching a resolution after lengthy mediation. Haas Formula, LLC announced the dispute resolution and stated no further comments would be made on the matter.
