Murray Smith

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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.

Pieces Coming Together for Solid OBS March Sale

After establishing a record gross, average and median last year, Ocala Breeders' Sales Company's general manager and director of sales Tom Ventura is confident of another stellar sale when the two-day select 2-year-olds in training sale kicks off March 27 at the Central Florida auction house.

McIngvale Suit Charges Kickbacks to Trainer and Agents

McIngvale Suit Charges Kickbacks to Trainer and Agents

Prominent racing owner James McIngvale on Thursday filed a federal lawsuit in Texas that in part charged trainer Bob Baffert and Florida-based sales agents J.B. McKathan and Kevin McKathan with receiving secret commissions and kickbacks on "various Thoroughbred racehorses" the Houston furniture industrialist purchased at public auction.

Strong Demand For Juveniles Continues at Barretts Sale

Strong demand for juveniles at public auction continued at the Barretts May Sale of 2-Year-Olds in Training held May 17 at the Hinds Pavilion at Fairplex Park in Pomona, California. A total of 193 horses were reported sold for gross receipts of $7,663,700, an 8.6% jump over the same sale a year ago when 189 youngsters sold for a total of $7,053,000.

Tale of the Cat Weanling Brings $145,000 at OBS

Led by a $145,000 purchase of a Tale of the Cat weanling filly Tuesday, the Ocala Breeders' Sales Co. fall mixed sale closed the second of two preferred consignor sessions with double-digit increases in both average and median sale figures.

Family Matters: Monarchos

Family Matters: Monarchos

Monarchos (Maria's Mon -- Regal Band, by Dixieland Band) posted his first stakes win in the Florida Derby (gr. I) to remain undefeated this year. The March 10 race was his first attempt in stakes company in five lifetime starts.

No Positives in 2-Year-Old Sale Drug Tests

The Ocala Breeders' Sales Company reported there were no positive results of random drug tests taken on horses that worked out Jan. 29 in preparation for Tuesday's 2-year-olds in training sale at Calder Race Course. OBSC took blood samples from 21 horses that took part in the first Under Tack Show. An additional 22 horses were tested randomly during Sunday's second Under Tack Show. "Everything went well," OBSC general manager and sales director Tom Ventura said of the testing.

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