Fifth Third Bank is asking a federal bankruptcy court for assistance in taking possession of certain assets held by ClassicStar LLC, including stallion shares and income from other sires.
- By Mark Popham
British horseracing is coming to terms with the loss of one its most respected administrators following the death of Tristram Ricketts Nov. 7
- By Ryan Conley
Several lawsuits pending against ClassicStar have been consolidated into a single action to be heard in Kentucky federal court, but the primary operating entity of the former broodmare-lease marketer will be temporarily exempt from litigation pending its bankruptcy action.
A federal judge in a Lexington courthouse on Oct. 3 declined to issue temporary restraining orders that might have impacted the dispersal sale of ClassicStar-affiliated horses at the Nov. 5 Fasig-Tipton winter mixed sale.
A day after agents from the Internal Revenue Service were at ClassicStar Farm near Versailles, Ky., the horse operation is continuing, the farm manager said today.
ClassicStar, a venture that involves the leasing of mares, is continuing to operate after an announcement that David Plummer and his son, Spencer, are no longer associated with the outfit.
Champion and millionaire Xtra Heat foaled a Gone West chestnut colt shortly before midnight April 16 at ClassicStar near Versailles, Ky.
Four years after they purchased and expanded Highland Farm near Paris, Ky., George and Kay Hofmeister have listed the Bourbon County estate for sale for $60 million.
Four years after buying and building Highland Farm, near Paris, Ky., George and Kay Hofmeister have listed the Bourbon County estate for sale for $60 million. "We're going to scale way back, but we're not going to leave the industry," George Hofmeister said Thursday.
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