Two days after the Jockeys' Guild filed a formal plan of reorganization in its Chapter 11 bankruptcy, the U.S. Trustee overseeing the action dropped the group's former national manager Wayne Gertmenian from the unsecured creditors committee.
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 officials provided the painful details of the end of the Wayne Gertmenian era to its members during Monday's opening session of its two-day national assembly near Dallas. The assembly was delayed from its customary December date because of a shortage of Guild funds.
Jockeys took back the reins of the Jockeys' Guild Tuesday when they voted to remove Guild president Dr. Wayne Gertmenian from his post, terminate the Guild's relationship with Gertmenian's consulting firm, Matrix Capital Associates, and appoint Guild national member representative Darrell Haire as temporary national manager of the organization.
U.S. Congress issued two subpoenas Tuesday for Jockeys' Guild president Wayne Gertmenian as part of an ongoing investigation into the organization headed up by U.S. Rep. Ed Whitfield.
A U.S Congressional subcommittee has deemed the Jockeys' Guild efforts to fulfill a subcommittee request for information and documents related to the Guild's management and fiscal activities inadequate.
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