St. Petersburg, Fla. — Alex Palou and McLaren have settled their lawsuit, which was likely on the road to appeal after a $12 million breach-of-contract verdict against Palou in a British court earlier this year. McLaren Racing originally asked for $31 million in damages after Palou backed out of a contract he signed in 2022 to drive for McLaren from 2024-2026. Palou, who signed a deal to remain at Chip Ganassi Racing in 2023, indicated in court documents that he opted to stay at Ganassi when a Formula 1 ride was not guaranteed. Palou had already admitted a breach of contract, and the six-week...

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