The lawsuits filed by Carroll Shelby against the Shelby American Automobile Club for using his name and a counter suit from the SAAC have been dropped, the SAAC reported on Friday. The dispute, which started with Shelby canceling the licensing agreement with SAAC in November of last year, centered around an alleged improper following of the license agreement by SAAC founders Rick Kopec and Ken Eber.
In January of 2008, SAAC countersued Shelby and the whole fiasco got a thumbs-down response from Shelby fans across the globe, with many coming to the conclusion this was nothing more than a money grab from the legendary Carroll Shelby. While the reasons may be more complicated, the companies worked out their differences and the roughly 5,000-member SAAC is reportedly going back to enjoying its hobby as usual.
The SAAC credits Kopec and Eber, as well as Ron Richards and Dave Winkler from the club in being instrumental in resolving this matter, along with Amy Boylan and Carroll Shelby at Carroll Shelby Licensing and Shelby Autos.
The SAAC announced it would release more details on the proceedings in the coming weeks.
