Bernie Ecclestone’s legal troubles continue to escalate. There is a new challenge in a New York court in recent days from a private equity group called Bluewaters Communications Holdings that is claiming $650m, alleging that Ecclestone conspired with CVC Capital Partners, Gerhard Gribkowsky and BayernLB conspired to sell the company at less than its real value. CVC bought the business from BayernLB in 2005 for $1.6 billion. Bluewaters was established by John Gregg, formerly of the NTL company, who put together an offer involving a number of other private equity groups. He claims that Bluewaters was the highest bidder and submitted a written offer and agreed to pay 10 percent more than any other bidder. The lawsuit claims that it lost out on the deal because of a payment made to Gribkowsky.