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.

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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