Out-of-court settlement ends Whincup/Monster dispute
Jamie Whincup’s drawn out dispute with former personal sponsor Monster Energy has been settled out-of-court.
Monster had instigated legal proceedings against Whincup after the four-time champion moved to terminate his contract with the company following Triple Eight’s signing of rival drink firm Red Bull.
The parties had been thrashing out the dispute in a New South Wales Supreme Court hearing since Monday.
A financial settlement in favour of Monster is understood to have been agreed upon around midday today (Wednesday).
The resolution leaves Whincup free to continue his V8 Supercars Championship campaign with the now Red Bull Racing Australia-branded Triple Eight squad.
Whincup sits second in the points standings to team-mate Craig Lowndes following the opening round in Adelaide, with a non-championship event taking place at the Australian Formula 1 Grand Prix this weekend.