An Ohio firm that held a judgment against the owners of Stonewall Farm has taken possession of the 260-acre property near Versailles, Ky. and placed it on the market for $10.75 million.
Attorneys for Stonewall Farm owner Audrey Haisfield have filed papers with federal bankruptcy court in Florida seeking to place the farm near Midway, Ky., on the market for $8.4 million.
Fifth Third Bank has won a $15.4 million judgment against Audrey and Marc Haisfield for defaulting on loans received from the bank on behalf of their Stonewall Farm operation.
Thoroughbred breeder Audrey Haisfield, Stonewall Farm Stallions, and related entities have been sued by a bank for more than $7 million in outstanding loans, according to the Lexington Herald-Leader.
Under an agreement between the various parties, Bluewater Sales of Lexington has been appointed as receiver to take possession of and sell more than 130 horses owned by Stonewall Stallions and related entities.
Fifth Third Bank has sued another major equine entity for failure to repay loans, this time taking the action against Stonewall Stallions, farm owner Audrey Haisfield, and other entities.
Clark Shepherd resigned April 12 from his post as general manager of Stonewall Stallions.
A Kentucky state judge has ruled on a summary judgment in favor of Stan Fulton in his lawsuit against Stonewall Farm Stallions, saying the stud farm owes the horseman and racetrack owner more than $800,000 on the sale of sire It's No Joke.
Stan Fulton and Stonewall Farm Stallions are in a dispute over the 2006 sale of It's No Joke, with both sides saying the other breached conditions of a $1.1-million sale contract.
The legal battle focused on Lawyer Ron has been jointly dismissed by the involved parties, and a decision on the racing future of the multiple grade I winner is expected shortly.
- By Ryan Conley
Lawyer Ron's victory in the July 28 Whitney Stakes (gr. I) at Saratoga apparently has had no impact on the lawsuit between his owners, a legal dispute that one of the principal parties described as being "in limbo."
Partners that own multiple grade II-winner Lawyer Ron are fighting over the career of the 4-year-old colt and are utilizing a Kentucky courthouse to wage their battles.
Lawyer Ron is scheduled to have a small chip removed from his right, hind ankle May 12 at Rood and Riddle Equine Hospital. The surgery, to be performed by Dr. Larry Bramlage, will force the son of Langfuhr to miss the Preakness Stakes (gr. I) at Pimlico May 20.
Our Legal Team LLC announced Thursday that it had purchased an interest in Arkansas Derby (gr. II) winner Lawyer Ron, one of the leading contenders for Saturday's Kentucky Derby presented by Yum! Brands (gr. I).
Stonewall Farm has hired Clark Sheppard as a pedigree and mating analyst and John Gasper as a bloodstock associate.
Ken Wilkins has been hired by Audrey Haisfield's Stonewall Farm as director of stallion operations. Wilkins will oversee season sales, as well as private transactions at the recently-completed stallion complex and office in Versailles, Ky.
Leroidesanimaux, who won eight consecutive races before finishing a game second in the NetJets Breeders' Cup Mile (gr. IT) last month, has been retired to stud at Stonewall Farm near Versailles, Ky.
Two-time grade I winner Leroidesanimaux will enter stud at Audrey Haisfield's Stonewall Farm Stallions near Versailles, Ky., upon the completion of his racing career.
Audrey Haisfield (NeverTell Farm) and John Sikura (Hill 'n' Dale Farm) announced today that NeverTell stallions Medaglia d'Oro, Doneraile Court, and Marquetry are being relocated to Haisfield's Stonewall Farm near Midway, Ky., where they will stand the 2006 breeding season. The three stallions are expected to move prior to the Keeneland November Sale.
Millionaire Medaglia d'Oro, a three-time grade I winner who was retired to John Sikura's Hill 'n' Dale Farm near Lexington, will begin his stallion career in 2005 for a fee of $35,000.
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