A dispute over the ownership of Kentucky Derby Presented by Yum! Brands contender Great Hunter has been settled by J. Paul Reddam and Fifth Third Bank.
Fifth Third Bank faces a possible contempt order in California on May 10 over an allegation that it violated a court-ordered agreement by asking Keeneland to withhold any purse money Great Hunter might earn in the Toyota Blue Grass Stakes (gr. I). The financial institution made the request to the track due to its claim of an interest in the colt.
Attorneys for J. Paul Reddam have filed a lawsuit in California that seeks protection for star colt Great Hunter, who is the subject of a lien by a Kentucky bank.
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