LAS VEGAS (KTNV) — Formula One Licensing and Formula One World Championship Limited have dropped their lawsuit against two Las Vegas businesses.

Back in August, we told you how Formula One had sued Crazy Ely and Bonanza Gift Shop, alleging the businesses were selling unauthorized and counterfeit merchandise during the 2023 Las Vegas Grand Prix.

According to the complaint, in June, October, and November 2023, Crazy Ely ordered and received 180 counterfeit F1 items and Bonanza Gift Shop had received 2,200 counterfeit F1 items.

"The sale of Counterfeit F1 Merchandise caused irreparable injury to Plaintiffs. Defendants deceived consumers into mistakenly believing they were purchasing F1 merchandise associated, affiliated, or approved by Plaintiffs," the complaint reads in part.

According

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