We will give you any news as it comes, but for now,
October is the next time anything will likely be reported, at which
time we reasonably anticipate this case will be dismissed based on
the existing agreement that has been in place for the last seven
years.
Background: In December of last year Shelby
filed a Federal lawsuit against Factory Five Racing, Inc. alleging
"trade-dress" violations of the Shape of the "Daytona Coupe",
marketed by FFR for almost 10 years as the Type 65 Coupe. This
was a strange lawsuit from the very beginning since, as part of a
multi-million dollar legal battle waged in 2000 over the word COBRA
and the shapes of the FFR designs, we had previously reached an
agreement in 2002 whereby Shelby "forever dismissed with prejudice"
all claims relative to the trade dress of FFR kits (including
specifically, but not limited to the Type 65 Coupe!!!).
For the record, Factory Five Racing, Inc. wants
NOTHING to do with Shelby, the word COBRA, nor do we want in any way
to be associated in any way with Carroll Shelby.
COBRA is a registered trademark of Ford Motor Company and Factory
Five Racing does not describe its products using this word.