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| June 23, 2010 News |
| Industry News: Impact Racing - SFI Certification |
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On June 21st, 2010, the United States District Court for the Southern District of Indiana issued a ruling granting, in part, Impact Racing's motion to preliminarily enjoin SFI Foundation from terminating Impact's Contract of Participation with SFI until SFI "does so in a manner that is unquestionably 'substantively rational and procedurally fair." According to the Court, "Impact has made a strong showing of likely success on the merits" and "until Impact is afforded fair procedure, Impact could suffer irreparable harm, if it has not already."
This means that Impact's Contracts with SFI will not terminate on June 22, 2010, as SFI had previously announced. All Impact products manufactured in 2009 and 2010 currently certified as SFI-compliant remain certified. In addition, after June 22, 2010, Impact can continue to manufacture and certify its products as SFI-compliant. |
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