Fifth Third Bank

News, Articles, Videos and other content about Fifth Third Bank

Fifth Third Seeks Zayat's Personal Records

Fifth Third Seeks Zayat's Personal Records

In the latest round in the legal battle between Fifth Third Bank and Zayat Stables, the bank is seeking to subpoena the personal banking records of Ahmed Zayat to determine if he has used corporate assets for personal use.

Eskendereya to Be Sold Under Zayat Plan

Eskendereya to Be Sold Under Zayat Plan

Zayat Stables has agreed to sell all of grade I winner and probable Kentucky Derby favorite Eskendereya this year under a bankruptcy reorganization plan that projects all creditors will be paid in full.

Judge Favors Zayat in Latest Legal Round

Judge Favors Zayat in Latest Legal Round

A federal bankruptcy judge in New Jersey has refused to certify a motion filed on behalf of Fifth Third Bank alleging that Zayat Stables had defaulted on terms of a cash collateral agreement.

Zayat Refutes Claims by Fifth Third

Zayat Refutes Claims by Fifth Third

Attorneys for Ahmed Zayat's Zayat Stables are refuting claims by Fifth Third Bank that the prominent stable violated terms of a cash collateral agreement by withdrawing four horses from a Keeneland sale.

Zayat Seeks Dismissal of Fifth Third Case

Attorneys for Ahmed Zayat have filed a motion requesting that allegations of default against Zayat Stables filed by Fifth Third Bank be dismissed and that the bank pay compensatory and punitive damages, plus other costs.

Court Approves Zayat, Fifth Third Agreement

An agreement between Zayat Stable and Fifth Third Bank on use of cash collateral funds to continue operations was approved March 8 during a hearing before Judge Donald H. Steckroth in U.S. Bankruptcy Court.

California Clears Zayat on Jelinsky Loans

California Clears Zayat on Jelinsky Loans

The California Horse Racing Board has looked into ties between Ahmed Zayat and two convicted bookmakers and determined there is nothing to indicate the prominent horse owner has violated terms of his license in the state.

Zayat, Bank In Agreement on Use of Cash

Zayat, Bank In Agreement on Use of Cash

Prominent horse owner Ahmed Zayat and Fifth Third Bank have reached an agreement allowing Zayat Stables to use cash on hand for racing operations in accordance with a budget submitted to a bankruptcy court in New Jersey.

Zayat Made Loans to Jelinsky Brothers

Zayat Made Loans to Jelinsky Brothers

Documents filed in connection with his Chapter 11 bankruptcy petition show that prominent horse owner Ahmed Zayat made loans to two brothers who have been convicted in connection with illegal bookmaking.

Bank Opposes Zayat's Use of Cash Collateral

Bank Opposes Zayat's Use of Cash Collateral

Fifth Third Bank has filed a motion asking a bankruptcy court not to permit Zayat Stables to use the bank's cash collateral for operating expenses until such time it can provide additional collateral or use other funds.

Zayat to Keep Control of Stable

Zayat to Keep Control of Stable

Thoroughbred owner Ahmed Zayat will keep control of his stable for the time being as Fifth Third Bank has decided not to seek a trustee to run Zayat Stables.

Owner Zayat Surprised by Bank's Lawsuit

Owner Zayat Surprised by Bank's Lawsuit

Ahmed Zayat, who operates one of North America's leading racing stables and is a major buyer at equine auctions, said he is surprised that a major bank has filed suit seeking repayment of more than $34 million in loans.

Bank Seeks ClassicStar Assets

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.

Great Hunter Owner Granted Contempt Hearing Against Bank

Fifth Third Bank faces a possible contempt order in California on May 10 over an allegation that it violated a court-ordered agreement by asking Keeneland to withhold any purse money Great Hunter might earn in the Toyota Blue Grass Stakes (gr. I). The financial institution made the request to the track due to its claim of an interest in the colt.

Proposal Paves Way for Great Hunter's Blue Grass Start

The principal parties involved in a legal dispute over star runner Great Hunter have agreed on terms that could prevent controversy over the colt's scheduled start in the April 14 Toyota Blue Grass Stakes (gr. I), an attorney involved in the matter said.

Most Popular Stories