McLaren forsee end to legal proceedings

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It’s the 19th December 2008 and you’re listening to F1Minute.

We have two bits of good news to end the week on, starting with McLaren finally managing to put an end to the espionage legal proceedings. Former employee Mike Coughlan, and current engineer Paddy Lowe plus two others had charges levelled against them over the spy affair from last year. However, the four have now agreed to a settlement of about 150,000 Euros each and the charges will be dropped. With Ferrari, McLaren, and the FIA all agreeing the controversy was over already, this is the last piece of the puzzle for the Woking team.

Also today, the team formerly known as Honda have said they will reveal details of their potential buyers early next year, as things are moving along nicely. Nick Fry is feeling very optimistic: "Work on the development and build of our 2009 car continues during the next few weeks to ensure that our objective of being on the grid at Melbourne at the end of March will be achieved."

That’s it for this week, I’ll be back on Monday with another F1Minute.