Jim Mcingvale

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Settlement Terms Reached in McIngvale Lawsuit

A settlement has been reached in Jim McIngvale's lawsuit against multiple parties, according to a document filed in a Texas federal court May 3, paving the way for an end to the high-profile legal dispute involving alleged sales commission fraud.

Survey Says: Require Agents to Disclose Commissions

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.

Average Up at Scaled-Back Texas Sale; Buy-Backs Stabilize

The Fasig-Tipton Texas 2-year-olds in training sale at Lone Star Park concluded Tuesday, with the sales company reporting a total of 193 horses sold for $4,494,900. The sale's average price of $23,290 represented a 3.8% gain over the $22,431 average the previous year when 262 horses grossed $5,876,800. After an opening-session buy-back rate of 50.6%, the percentage of horses not sold stabilized Tuesday. For the sale overall, FT reported a buy-back rate of 44.2%.

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