Two defendants named in Jess Jackson's California lawsuit involving alleged horse sale fraud have reached separate settlement agreements with the horse owner, attorneys on both sides of the legal action have confirmed.
Meeting for the first time since its announced resurrection almost three months ago, the revived Sales Integrity Task Force left its May 7 gathering at Keeneland with proclaimed vows of providing quick and satisfying results.
Thirty-six representatives of the Kentucky horse industry have agreed to join the Sales Intergrity Task Force, which will meet again sometime in May. The complete list of members was released April 30 by the Thoroughbred Owners and Breeders Association.
A Kentucky judge has denied Frederic Sauque's request to be dismissed from Jess Jackson's fraud lawsuit involving the sale of the former Buckram Oak Farm, calling part of the agent's arguments for such an action "unfounded."
When 2007 began, trainer Steve Asmussen was having Triple Crown dreams about a colt named Tiz Wonderful. Those dreams were dashed when the son of Tiznow injured his right front tendon and was sent to the sidelines, and it looked as if Asmussen would be watching the spring classics alongside his talented runner.
Following a win in an allowance/optional claiming sprint Friday at Santa Anita, Peace Chant, whose parents were Breeders' Cup winners, will probably return to graded stakes competition next month at the upcoming Hollywood Park meeting.
Jess Jackson's corporate counsel has issued a statement of clarification in regards to the recently reported settlement between the billionaire horseman and former associate Bruce Headley.
Defendant Bruce Headley has reached an out-of-court settlement with Jess Jackson in the billionaire horseman's high-profile lawsuits, and has apparently agreed to cooperate in the investigation against his former associates.
Proposed Kentucky legislation that sparked controversy in the Thoroughbred auction community was tabled Feb. 14 after a compromise was reached between the bill's backers and several entities related to the commonwealth's signature industry.
Negotiations over proposed Kentucky legislation that would require disclosure of ownership and veterinary records of horses sold at public auction were held Feb. 13 at Keeneland in Lexington, with some tentative settlement plans discussed that would table the bill for at least a year.
Owners and sale company officials say recently filed legislation requiring the disclosure of ownership and veterinary records of sale horses would be difficult to implement.
Horse sale legislation filed Thursday and supported by California winemaker and horseman Jess Jackson would require disclosure of ownership and medical records of horses sold at public auction in Kentucky.
The impressive 3-year-old maiden winner Curlin left trainer Helen Pitts' Gulfstream Park barn Thursday for trainer Steve Asmussen's at Fair Grounds in New Orleans following the completion of a private sale by Midnight Cry Stable to Satish Sanan, Jess Jackson and George Bolton.
Racehorse owner James McIngvale has expanded his high-profile lawsuit against three horsemen to include several consignors allegedly involved in claimed fraudulent public auction transactions.
An attempt by Jess Jackson's legal team to secure a partial pre-trial judgment against one of the defendants in the billionaire horseman's high-profile fraud lawsuit has been thwarted by a California judge.
The mare Miz United States, carrying a foal by Songandaprayer, brought $260,000 Thursday to top the second consignor preferred session of the Ocala Breeders' Sales Co. winter mixed sale in Central Florida.
A recent survey of Thoroughbred horse owners, breeders, managers, trainers, and bloodstock agents shows overwhelming agreement that bloodstock agents should be required to disclose the commission rates they receive to both the buyer and seller.
Tentatively dismissed from Jess Jackson's high-profile fraud lawsuit in California, international bloodstock agent Frederic Sauque seeks similar action in a related Kentucky lawsuit involving the sale of the former Buckram Oak Farm, according to documents recently filed in federal court.
Grade I winner and Eclipse Award finalist Point Ashley brought a final bid of $1.8 million to top the opening session of the 2007 Keeneland January horses of all ages sale Jan.8.
Attorneys representing Jess Jackson's Stonestreet Farm have filed a lawsuit in a Kentucky federal court, leveling charges of fraud in the $17.5 million sale of the former Buckram Oak Farm.
The Kentucky Real Estate Commission says that four of the principal defendants named in Jess Jackson's prominent fraud lawsuit violated state laws in providing unlicensed real estate services to the California vintner and horseman in connection with the $17.5 sale of the former Buckram Oak Farm near Lexington.
Jess Jackson reaffirmed his passionate commitment to help clean up unscrupulous tactics in the sales and auction industry Nov. 3 as part of an all-star cast discussing issues in the "Thoroughbred Industry Forum 2006" at Churchill Downs.
Odds-on choice Tiz Wonderful, ridden by Garrett Gomez in his second start, emerged from a speed duel to romp to a 6 ¾-length victory in the $110,900 Iroquois Stakes (gr. III) for 2-year-olds at Churchill Downs Sunday.
Attorneys for Jess Jackson have filed a motion for summary adjudication in the California winemaker's lawsuit against bloodstock agent Emmanuel de Seroux and his Narvick International agency.
A wealthy group of individuals that includes active buyers at the Keeneland September yearling sale are among those listed in the annual roster of "400 Richest Americans" released Friday by Forbes magazine.
The fourth session of the massive 14-day Keeneland September yearling sale ended on a positive note Thursday with the Central Kentucky auction house realizing increases in gross, average and median. The sale company also reported across the board cumulative increases.
Danzig's Beauty, dam of major sire Distorted Humor, was euthanized June 17 because of complications from three bouts of colic since delivering an Empire Maker filly April 27.
Jess Jackson, the California winemaker who has been pushing for ethics reform in public and private horse sales since filing suit against three former advisers last September, should have felt right at home Wednesday while addressing a roomful of attorneys attending the University of Kentucky Equine Law Seminar in Lexington.
At the Inglis Australian Easter Sale, on Wednesday 19 April, a son of Redoute's Choice from the mare Deja Slew (by Slew O' Gold) broke the all-time Australian yearling record when he reached a bid of AUS$3 million (US$2.4 million).
Legislation designed to protect horse buyers and to prevent dual agency in the sale of horses in Kentucky was singed into law March 28 by Kentucky Gov. Ernie Fletcher.
A half-sister to champion Afleet Alex was born March 10 at Jess Jackson's Stonestreet Farm near Lexington.
"I'm not fighting the world here," said Jess Jackson, the California winemaker whose lawsuit against his former bloodstock advisers heated up last week.
Attorneys for California winemaker Jess Jackson, who has sued five former bloodstock advisers and agents and the Buckram Oaks Holdings of the late Mahmoud Fustok for alleged fraud in bloodstock and farm purchases, have amended their complaint with regard to three paragraphs relating to Lexington veterinarian Arnold Pessin.
Attorneys for Emmanuel de Seroux and his Narvick International bloodstock agency issued a statement late Tuesday saying their client has done nothing wrong and, in fact, is owed money by Jess Jackson, the California winemaker who sued de Seroux and five others for alleged fraudulent misrepresentation in numerous bloodstock transactions from 2003-05.
Legislation that would protect buyers and sellers in equine transactions unanimously passed the Kentucky Senate March 15 and now heads to the House of Representatives for concurrence. The House previously approved a different version of the bill.
Attorneys for Jess Jackson have named three additional defendants and new fraud charges involving the wine magnate's bloodstock acquisitions and purchase of the former Buckram Oak Farm in Kentucky in a motion for leave to file an amended complaint to the Superior Court of California in San Diego. The motion was filed March 9.
Legislation that would protect buyers and sellers in equine transactions is on its way to the floor of the Kentucky Senate, though one lawmaker plans to offer two amendments. Meanwhile, horse industry representatives planned another meeting to hammer out a compromise on some language in the bill.
A horse industry ethics bill making it unlawful to receive commissions from buyer and seller without full disclosure sailed through a Kentucky House of Representatives committee by unanimous vote Wednesday afternoon.
The Kentucky Equine Education Project has given its support for legislation that would make it unlawful for anyone to represent both buyer and seller in a transaction involving horses without written permission of both parties.
In general, reaction in the Thoroughbred industry has been positive to a Kentucky bill that is designed to protect horse buyers from being defrauded.
California vintner and Thoroughbred owner Jess Jackson met with Kentucky Senate Republicans Jan. 26 to discuss legislation that would make it unlawful for anyone to represent both buyer and seller in a transaction involving horses without written permission of both parties.
The first foal sired by millionaire Johar is a colt born Jan. 10 at Jess Jackson's Stonestreet Farm near Lexington.
A bill designed to protect horse buyers from being defrauded has been introduced in the Kentucky House of Representatives by Democratic Rep. Denver Butler of Louisville. The legislation has the backing of California vintner Jess Jackson, whose lawsuit against agents Emmanuel de Seroux and Brad Martin and trainer Bruce Headley alleged fraud in private and public auction purchases made on behalf of Jackson.
Afleet Alex, who recently arrived at Gainesway Farm, where he will stand for a $40,000 stud fee, is adjusting beautifully to his new life.
The circumstances surrounding where dual classic winner Afleet Alex would stand at stud began the week after Thanksgiving and moved quickly, culminating in Sunday's announcement that the colt would go to Gainesway Farm near Lexington, Ky.
Cash is King Stable, Jess Jackson, and Gainesway Farm have announced that dual classic winner Afleet Alex will enter stud for $40,000 at Gainesway near Lexington.
- By Ray Paulick
By Ray Paulick - The boomers are coming! The boomers are coming! And that should be nothing but good news for Thoroughbred racing and breeding.
News and Notes from the Keeneland November Breeding Stock sale: Big day for Taylor Made... A big buyback... Jackson and Hughes, friends and competitors.
Roar Emotion, a 5-year-old multiple grade II winning daughter of Roar, was purchased by Jess Jackson's Stonestreet Mares for $2.4 million to top the early portion of Monday's session of the Keeneland November breeding stock sale.
Amid continued high buyer demand, the expanded Fasig-Tipton Kentucky Fall Yearling Sale concluded Wednesday with the auction house posting across the board gains when compared to its two-day cataloguing last year. Held over three days, cumulative figures showed substantial improvement over the company's 2004 sale in gross, average, and median prices.
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