11-19-2006, 06:06 AM
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 Raiders verdict overturned
Up to the minute news about the Oakland Raiders from GoTeamsGo. We'll find the latest Oakland Raiders news so you can chat about here. Quote: AP Wire | 11/17/2006 | Oakland Coliseum wins Raiders lawsuit on appeal
Associated Press
SAN FRANCISCO - A state appeals court on Friday threw out a jury's $34.2 million award to the Oakland Raiders over accusations that managers of the Oakland Coliseum falsely promised a sold-out stadium to lure the team back to the Bay Area.
The case dates to 1995, when Raiders owner Al Davis maneuvered to get his team out of Southern California after revenues waned, the Los Angeles Memorial Coliseum's foundation was shaken by an earthquake and a deal collapsed to build a new stadium and horse track.
The Oakland deal, first inked in 1995 and renegotiated a year later, gave the Raiders a $53 million loan, $10 million for a training complex and $100 million to renovate the coliseum, which is shared with the baseball's Oakland Athletics.
The 3rd District Court of Appeal in Sacramento said in a 2-1 ruling on Friday that because the Raiders agreed to the deal a second time, the team forfeited its right to sue for fraud.
Sat, 18 Nov 2006 00:21:00 GMT
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