Formula One chief executive Bernie Ecclestone waits for another day of his trial at the courthouse in Munich July 16, 2014. REUTERS/Christof Stache/Pool
MUNICH (Reuters) - German state-backed lender BayernLB [BAYLB.UL] is suing Formula One boss Bernie Ecclestone for millions of euros in damages in connection with his involvement in the 2006 sale of its stake in the motor racing business.
"BayernLB has filed a law suit against Mr. Ecclestone, the family foundation Bambino and others and is asking for damages of 345 million euros (271 million pounds) plus interest," a BayernLB spokesman said on Friday in response to a request for comment on the case.
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