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If Vannini or someone else sues, they'll most likely go after some CART board members for conflicts of interest. In December 2001, he filed conflict of interest charges with the SEC about BoD members. Mainly, he'd be going after MPH's liability insurance carrier on its board of directors, which brings more money into the pot to go after.
If such a suit happens and/or is successful, or the shareholder vote goes down, I'd guess OWRS would forget about CART (which would go into bankruptcy) and start an independent series of its own for its proposed teams and backers. That, IMO, would be an option then and is an option now.
The question in that scenario would be engines, because CART owns $4 million worth of them, but those could be purchased from the bankruptcy receiver. The question mark is time.
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