America’s Cup World Series team, Energy Team France, is pleased to report that it has confidentially resolved its legal dispute over the salvage of its AC45 America’s Cup racing vessel. In January, the Court in San Francisco ordered that Energy Team’s boat be released from arrest and returned back to its owners. The parties’ dismissal of the lawsuit now requires that the Court clerk also return all of the team’s cash security.
Energy Team’s technical director, Antoine Mermod, stated “This is a very happy day for the team and for its supporters. We wish to thank the U.S. Coast Guard for its assistance in the salvage as well as the team’s countless supporters during the process."
The entire team looks forward to returning to the San Francisco Bay to compete in future World Series events.