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Gertmenian Reviews Guild Bankruptcy

Gertmenian Reviews Guild Bankruptcy

The largest creditors in the Jockeys' Guild bankruptcy case are two past national managers now involved in legal proceedings against the organization, and both have been selected as part of a five-member committee made up of creditors with significant claims against the Guild.

Take-Charge Jockeys Land Guild Senate Seats

Many of the jockeys who were instrumental in overthrowing the controversial management team at the Jockeys' Guild last fall and moving the organization in a new direction were re-elected to the organization's senate after the ballots were counted June 5.

Jockeys Boot Gertmenian; Haire Temporarily in Charge

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.

Guild Rep Haire Calls for Gertmenian's Resignation

Darrell Haire, one of the more recognizable faces of the Jockeys' Guild as a national member representative who often appears at industry meetings on behalf of riders, on Nov. 9 called for the immediate resignation of Guild president Dr. Wayne Gertmenian.

Guild Senate to Meet; Management on the Block

Members of the Jockeys' Guild senate have called a special meeting for Nov. 15 to decide whether to remove the current board of directors, elect a new board, and replace the management team headed by Dr. Wayne Gertmenian and his company, Matrix Capital Associates. The jockeys who issued the release left little doubt they want a change.

Lobbyist Broad Drops Jockeys' Guild

A labor lobbyist and lawyer in Sacramento, Calif. who has represented the Jockeys' Guild for 11 years dropped the organization as a client Oct. 21 after its management came under sharp criticism at a Congressional sub-committee hearing earlier in the month.

Jockeys' Guild Board Begins 'Internal Investigation'

The board of directors of the Jockeys' Guild will begin examining the organization's financial records at its office in Southern California, but members haven't made a decision on the status of Matrix Capital Associates, the entity that manages the Guild.

Guild's Gertmenian Called 'Absolute Disgrace' in House Hearing

A U.S. House of Representatives subcommittee looking at jockey health and welfare issues was sharply critical of current Jockeys' Guild management during a hearing on Tuesday that began with testimony from paralyzed rider Gary Birzer and ended with a comment calling Wayne Gertmenian's actions as Guild president and CEO an "absolute disgrace."

Jockeys' Guild Responds to Congressional Request

The Jockeys' Guild has responded to a request by a United States Congressional subcommittee related to its management, accounting and oversight of funds, but the information produced by the California-based Guild won't be available until the week of May 10.

Individual Defendants to Remain Part of Guild Suit, For Now

Four jockeys and the chief executive of a California management firm running the Jockeys' Guild will remain part of a wrongful termination and slander suit filed by former Guild national manager, John Giovanni. A Fayette County circuit court judge on Friday asked attorneys on both sides to finish their depositions in the case and readdress the motion to dismiss later with more refined arguments.

Hearing in Jockeys' Guild Suit Postponed

A hearing to determine if five defendants should be dismissed from a lawsuit filed against the Jockeys' Guild by former national manager John Giovanni was postponed Wednesday due to illnesses by attorneys on both sides of the case.

Who's Running The Guild?

Jerry Bailey, Jockeys' Guild president emeritus, is resigning Friday from his positions on the Guild's executive committee and board of directors. He is resigning because he believes a five-member majority of the executive committee acted too hastily in hiring Matrix Capital Associates to manage the Guild.

Day Resigns As Jockeys' Guild President

Citing philosophical differences with the organization, jockey Pat Day has resigned as president and as a member of The Jockeys' Guild. "There is a distinct philosophical difference that prohibits me from any longer being a part of the organization," Day told bloodhorse.com Tuesday.

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