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Saying that "the gig is up," a federal judge in Kentucky has awarded $65 million in damages to six investors in the now-defunct ClassicStar mare leasing program.
Tuesday, October 04, 2011Tony Ferguson said Aug. 4 he has sold his partnership interest in Woodford Thoroughbreds to his partner John Sykes.
Wednesday, August 05, 2009
Launching a new business venture in the midst of a global financial crisis would be a daunting task for most people, but the connections of several new consignments at the Fasig-Tipton Kentucky select yearling auction seemed eager to take on the challenge the weekend before the sale's July 20 start.
Sunday, July 19, 2009John Sykes and Tony Ferguson's Woodford Thoroughbreds will offer its first consignment at the Fasig-Tipton July select yearling auction in Lexington. The operation also will sell horses at the Fasig-Tipton Saratoga select and Keeneland September yearling sales.
Friday, May 22, 2009A publicly-traded company with alleged ties to the parent company of ClassicStar is now a defendant in the consolidated federal civil action against the former broodmare lease operator and others.
Friday, February 20, 2009
More than two years after the first federal lawsuits were filed in connection to the former ClassicStar broodmare lease operation, efforts are being made to clear legal logjams that have impeded resolution of now multiple disputes.
Thursday, December 04, 2008Fifth 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.
Friday, July 18, 2008
A motion has been filed in a Kentucky federal court asking to convert the bankruptcy protection of former broodmare lease operator ClassicStar LLC from Chapter 11 business reorganization to Chapter 7 liquidation.
Wednesday, April 09, 2008Several 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.
Tuesday, October 23, 2007
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.
Tuesday, October 23, 2007The recent filing for bankruptcy protection by ClassicStar LLC will streamline claims against the one-time broodmare lease operator, an attorney for the embattled entity says, but its effect on multiple legal actions already in the pipeline isn't exactly clear.
Thursday, September 20, 2007After months of having fingers pointed at them, the principal parties involved in the ongoing ClassicStar legal saga are now taking shots at each other.
Friday, June 22, 2007ClassicStar has filed a series of legal documents that both level allegations of blame against two of their former executives and make a request to consolidate a cross-country myriad of federal lawsuits into a Kentucky federal court.
Thursday, June 21, 2007Former professional basketball player Greg Minor is among the latest to join a long list of investors who claim former broodmare lease operator ClassicStar and its affiliates caused them to lose large sums of money.
Monday, June 18, 2007A new entity called Woodford Thoroughbreds is setting up shop at the former ClassicStar Farm near Versailles, Ky., a venture that will include the transfer of John Sykes' Cloverleaf Farm II operation from Florida.
Tuesday, June 05, 2007John Sykes has confirmed he is moving his Cloverleaf Farm II operation from Florida to a Kentucky location, a site that is believed to be ClassicStar Farm in Woodford County.
Monday, June 04, 2007A third federal lawsuit has been filed in relation to the one-time broodmare lease operation of ClassicStar and alleged affiliated members, a legal action that also names alleged financial advisers as defendants.
Wednesday, January 31, 2007A federal judge has ordered ClassicStar and other defendants named in a multimillion-dollar lawsuit to produce certain documents by Jan. 26 or face the possibility of punitive measures.
Tuesday, January 09, 2007A federal judge has signed an order that fully clears the way for horses cataloged in the ClassicStar dispersal to be sold in the Nov. 5 Fasig-Tipton Kentucky select mixed sale.
Friday, November 03, 2006A managing partner of ClassicStar says he is not only looking forward to the company's dispersal of mares at the Nov. 5 Fasig-Tipton Kentucky select mixed sale, but to its future as a commercial breeder as well
Wednesday, November 01, 2006A federal judge in Lexington signed an order Oct. 24 that allows parties to make selected evidence confidential in the lawsuit involving the controversial ClassicStar broodmare leasing program.
Wednesday, October 25, 2006Correction to Sept. 11 story reporting on investors lawsuit against ClassicStar.
Tuesday, September 19, 2006Individuals claiming they were bilked out of millions of dollars by ClassicStar's high-profile mare lease and breeding program are awaiting answers to a recent complaint filed on their behalf
Tuesday, September 12, 2006A dispersal of approximately 90 in-foal mares owned by the major mare-leasing operation ClassicStar will be held during the Fasig-Tipton November select mixed sale on Nov. 5 in Lexington.
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