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.
The principal parties involved in a legal dispute over star runner Great Hunter have agreed on terms that could prevent controversy over the colt's scheduled start in the April 14 Toyota Blue Grass Stakes (gr. I), an attorney involved in the matter said.
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.
Great Hunter is a hot property on this year's Triple Crown trail, but who has right to claim the grade I winner as legal property looms as a big question.
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