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'Critical' MEC Financing OK'd by Judge

A judge signed an interim order March 13 allowing Magna Entertainment Corp. to borrow $13.4 million to continue its operations during the early stages of the company's bankruptcy reorganization, though final approval for the lending facility won't be authorized until an April 3 hearing.

Judge: 'Tough Issues' in CDI Lawsuit

Judge: 'Tough Issues' in CDI Lawsuit

A federal judge presiding over the antitrust lawsuit filed by Churchill Downs Inc. against horsemen's groups basically said Feb. 19 he has his work cut out for him in trying to resolve the complex issues involved in the case.

Jockeys' Guild Bankruptcy Plan OK'd

Jockeys' Guild Bankruptcy Plan OK'd

A Kentucky federal judge has confirmed the reorganization plan which will allow the Jockeys' Guild to emerge from bankruptcy, a little more than 13 months after the protective action was taken, and just days before the group's annual national assembly in Las Vegas.

Judge Jump-starts ClassicStar Litigation

Judge Jump-starts ClassicStar Litigation

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.

Guild Bankruptcy Stays in Kentucky

Guild Bankruptcy Stays in Kentucky

A federal judge presiding over the Jockeys' Guild bankruptcy proceedings denied a request to move the case to California Jan. 29, saying Kentucky was the right place for the group to reorganize its operations.

Jockeys' Guild Operating in Deficit

Jockeys' Guild Operating in Deficit

The financially troubled Jockeys' Guild has slightly more assets than liabilities, but projects a working monthly deficit of nearly $120,000, according to documents filed Nov. 26 in compliance with the group's bankruptcy protection action.

ClassicStar Lawsuits Transferred to Kentucky

ClassicStar Lawsuits Transferred to Kentucky

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.

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