AHRMA and TEAM OBSOLETE Agree Not To Pursue Or Assert Claims Against Each Other 

On June 28, 2007, the Bankruptcy Court for the Middle District of Tennessee entered an Agreed Order Regarding the Claims of AHRMA (American Historic Racing Motorcycle Association) and Team Obsolete in which the parties resolved certain issues between them. In the Agreed Order, the parties agreed not to pursue or assert existing claims against each other. 

A copy of the Agreed Order is available on the AHRMA Web site, ahrma.org — follow the link to the News Flashes page. 

As a result of the Agreed Order, the Bankruptcy Court will not conduct a hearing on the estimation of claims. AHRMA is in process of preparing its plan of reorganization, which will be filed with the Bankruptcy Court in August. A copy of the Plan of Reorganization will be available on the ARHMA Web site.