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Court Upholds $2.5M Judgment Against BK Racing's Ronald Devine

4/29/2025

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Summary

Story summary

A federal appeals court has upheld a staggering $2.5 million judgment against Ronald Devine, former owner of BK Racing, for hiding a bank lien during a charter sale. This ruling follows a lawsuit from Front Row Motorsports, which arose after they settled a claim linked to the undisclosed lien. Devine is also grappling with a hefty $31 million fine for failing to comply with bankruptcy regulations.

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Story summary

A federal appeals court has upheld a staggering $2.5 million judgment against Ronald Devine, former owner of BK Racing, for hiding a bank lien during a charter sale. This ruling follows a lawsuit from Front Row Motorsports, which arose after they settled a claim linked to the undisclosed lien. Devine is also grappling with a hefty $31 million fine for failing to comply with bankruptcy regulations.