Nearly two weeks ago, Team Xtreme's No. 44 car was reported stolen from the parking lot of an Atlanta-area hotel before race weekend at Atlanta Motor Speedway. It was recovered approximately 24 hours later. The team withdrew from the Atlanta race and failed to qualify at Las Vegas.
Per NJ.com, the settlement said that Cohen should pay two former business partners $55,000 after the failed launch of a Manhattan nightclub.
Cohen told the site that he wasn't the one named in the lawsuit.
Cohen, reached on his cell phone Thursday morning, denied any wrongdoing. "It's a story that's not true," he said. "I didn't make the settlement."
When asked specifically about the warrant, he replied, "That's not me. That's my father. That has nothing to do with me." He referred other questions to his lawyer, who could not be immediately reached. A NASCAR spokesman did not immediately have a response.
When Elliott Malone, a lawyer for the plaintiffs in the civil case, was told Cohen denied making the settlement and being named in the arrest warrant, he replied, "My response is one word: Typical."
According to Malone, his two clients entered an agreement with Cohen to start a nightclub contingent on Cohen securing a liquor license. He never did, and one of the former business partners believes he used the money to fund Team Xtreme.
The site also reports that Cohen is involved in a lawsuit involving the purchase of a car from now-defunct Swan Racing in 2014. Swan expanded to a two-car operation at the beginning of last year but after early struggles, it disbanded, leaving Parker Kligerman without a ride. Cole Whitt went to BK Racing as a third member of the team.
While Cohen's reported stolen No. 44 car was recovered along with the truck pulling the trailer it was in, according to to the Morrow (Georgia) Police Department, the trailer is still missing. A warrant has been issued for a person of interest in the incident surrounding the car.
Team Xtreme is listed on the entry list for Sunday's race at Phoenix with Travis Kvapil scheduled to drive the car. After qualifying for the Daytona 500 (despite a crash in qualifying that forced the team to ship a backup car down to Daytona before the Budweiser Duels), the team has competed in 16 races over four years.
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Nick Bromberg is the editor of From The Marbles on Yahoo Sports. Have a tip? Email him at nickbromberg@yahoo.com or follow him on Twitter!
from Yahoo Sports http://ift.tt/1L24gZP
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