A federal appeals court found the operators of a mare-lease program, ClassicStar and GeoStar, actively sought to mislead investors.
Saying that "the gig is up," a federal judge in Kentucky has awarded $65 million in damages to six investors in the now-defunct ClassicStar mare leasing program.
A federal judge has set a Nov. 30 trial date for several of the numerous lawsuits filed in connection with the ClassicStar case.
Three ClassicStar principals -- David Plummer, Spencer Plummer, and Terry Green -- have pleaded guilty to charges of conspiracy to defraud the U.S. through a fraudulent tax shelter under the ClassicStar Mare Lease Program, according to the U.S. Department of Justice.
A publicly-traded company with alleged ties to the parent company of ClassicStar is now a defendant in the consolidated federal civil action against the former broodmare lease operator and others.
More than two years after the first federal lawsuits were filed in connection to the former ClassicStar broodmare lease operation, efforts are being made to clear legal logjams that have impeded resolution of now multiple disputes.
A motion has been filed in a Kentucky federal court asking to convert the bankruptcy protection of former broodmare lease operator ClassicStar LLC from Chapter 11 business reorganization to Chapter 7 liquidation.
- By Ryan Conley
Several lawsuits pending against ClassicStar have been consolidated into a single action to be heard in Kentucky federal court, but the primary operating entity of the former broodmare-lease marketer will be temporarily exempt from litigation pending its bankruptcy action.
The recent filing for bankruptcy protection by ClassicStar LLC will streamline claims against the one-time broodmare lease operator, an attorney for the embattled entity says, but its effect on multiple legal actions already in the pipeline isn't exactly clear.
After months of having fingers pointed at them, the principal parties involved in the ongoing ClassicStar legal saga are now taking shots at each other.
ClassicStar has filed a series of legal documents that both level allegations of blame against two of their former executives and make a request to consolidate a cross-country myriad of federal lawsuits into a Kentucky federal court.
A third federal lawsuit has been filed in relation to the one-time broodmare lease operation of ClassicStar and alleged affiliated members, a legal action that also names alleged financial advisers as defendants.
A federal judge has ordered ClassicStar and other defendants named in a multimillion-dollar lawsuit to produce certain documents by Jan. 26 or face the possibility of punitive measures.
A federal judge has signed an order that fully clears the way for horses cataloged in the ClassicStar dispersal to be sold in the Nov. 5 Fasig-Tipton Kentucky select mixed sale.
A managing partner of ClassicStar says he is not only looking forward to the company's dispersal of mares at the Nov. 5 Fasig-Tipton Kentucky select mixed sale, but to its future as a commercial breeder as well
A federal judge in Lexington signed an order Oct. 24 that allows parties to make selected evidence confidential in the lawsuit involving the controversial ClassicStar broodmare leasing program.
Individuals claiming they were bilked out of millions of dollars by ClassicStar's high-profile mare lease and breeding program are awaiting answers to a recent complaint filed on their behalf
A dispersal of approximately 90 in-foal mares owned by the major mare-leasing operation ClassicStar will be held during the Fasig-Tipton November select mixed sale on Nov. 5 in Lexington.
Kentucky-bred Love and Bubbles tallied a three-length win in the Prix Chloe (Fr-III) at Chantilly Thursday.
Champion and millionaire Xtra Heat foaled a Gone West chestnut colt shortly before midnight April 16 at ClassicStar near Versailles, Ky.
Comments from buyers and sellers at the Keeneland November Breeding Stock Sale.
Fasig-Tipton's Saratoga yearling sale rebounded big time in 2003. All of the major indices for the three-day venue saw marked advances over last year's down sale and returned to the general numbers seen in 2000.
Champion sprinter Xtra Heat broke on top and went on to score an authoritative victory in Saturday's $50,000 What a Summer Stakes for fillies and mares at Laurel Park.
Making her first appearance since being sold privately last month, champion Xtra Head will line up for the $75,000 Garland of Roses at Aqueduct Saturday.
A trio of stakes winners sold at the David Milch dispersal at Keeneland this month has been returned to trainer Darrell Vienna.
After an unsuccessful trip through the sales ring at the Nov. 3 Fasig-Tipton November select sale, champion Xtra Heat has found a new home.
After three consecutive days of sharp declines, the Keeneland September yearling sale turned in a solid performance on Thursday.
Four years after they purchased and expanded Highland Farm near Paris, Ky., George and Kay Hofmeister have listed the Bourbon County estate for sale for $60 million.
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