One of the bitterest chapters in the history of sailing’s America's Cup has officially ended with the new and old champions agreeing to drop their remaining legal claims against each other.
The agreement comes a month and a half after the Oracle trimaran, owned by American software tycoon Larry Ellison, routed defending champion Alinghi of Switzerland in Valencia, Spain.
In the settlement announced on Friday, San Francisco's Golden Gate Yacht Club, which backs BMW Oracle Racing, said it would drop its breach of fiduciary duty claim against Societe Nautique de Geneve, which backs Alinghi.
Claims by both sides concerning the design and construction of the yachts will also be dropped.
In the two years leading up to 2010 America’s Cup, the two teams waged a court fight over rules, dates and venue.
swissinfo.ch and agencies