Keyword: fifth third bank

  • Sale of Stonewall Horses Can Go Forward

    A federal bankruptcy judge in Lexington on Aug. 19 approved motions that will permit the sale in November of 63 horses owned by Richard and Audrey Haisfield's Stonewall Farm and Stonewall Stallions.

  • Grade I winner Jostle is among the horses scheduled to be sold.

    Receiver Named to Sell Some Stonewall Horses

    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.

  • Ahmed Zayat

    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<br><a target="blank" href="http://www.bloodhorse.com/horse-racing/photo-store?ref=http%3A%2F%2Fpictopia.com%2Fperl%2Fgal%3Fprovider_id%3D368%26ptp_photo_id%3D8874329%26ref%3Dstory">Order This Photo</a>

    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.

  • Among the horses campaigned by Zayat is Eskendereya, likely favorite for the Kentucky Derby.<br><a target="blank" href="http://www.bloodhorse.com/horse-racing/photo-store?ref=http%3A%2F%2Fpictopia.com%2Fperl%2Fgal%3Fprovider_id%3D368%26ptp_photo_id%3D8802748%26ref%3Dstory">Order This Photo</a>

    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.

  • Ahmed Zayat

    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.

  • Ahmed Zayat

    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.

  • Ahmed Zayat

    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.

  • Ahmed Zayat

    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.

  • Equine Lending's Stormy Climate

    The lingering economic recession has forced banks to become very conservative lenders. In this climate, Thoroughbred horsemen nationwide are struggling with credit lines drying up and loans being called in.

  • Zayat Stables includes Eskendereya, winner of the 2010 Fountain of Youth.<br><a target="blank" href="http://www.bloodhorse.com/horse-racing/photo-store?ref=http%3A%2F%2Fpictopia.com%2Fperl%2Fgal%3Fprovider_id%3D368%26ptp_photo_id%3D8802807%26ref%3Dstory">Order This Photo</a>

    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.

  • Ahmed Zayat

    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.

  • Ahmed Zayat

    Zayat Creditors: Trainers, Farms, Keeneland

    The Feb. 3 Chapter 11 bankruptcy filing by Zayat Stables shows that Keeneland sales company, a handful of trainers across the country, and breeding farms are among the creditors of Ahmed Zayat's racing operation.

  • Ahmed Zayat

    Bank Seeks Receiver; Zayat Files Counterclaim

    While attorneys for Fifth Third Bank seek a receiver to manage horses owned by Zayat Stable, attorneys for Ahmed Zayat are claiming that the bank's equine lenders reneged on a pledge to restructure the owner's loan.

  • Bank Files Suit Against Cash Asmussen

    Cash Asmussen, a former Eclipse Award winning jockey in the U.S. and leading rider in Europe, has reportedly been sued by a bank for failure to make payments due in October on a loan of more than $2.99 million.

  • Ahmed Zayat

    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.

  • Ownership dispute over Lane's End Futurity winner Great Hunter settled.<br><a target="blank" href="http://www.bloodhorse.com/horse-racing/photo-store?ref=http%3A%2F%2Fpictopia.com%2Fperl%2Fgal%3Fprovider_id%3D368%26ptp_photo_id%3D588554%26ref%3Dstory">Order This Photo</a>

    Great Hunter Dispute Settled

    A dispute over the ownership of Kentucky Derby Presented by Yum! Brands contender Great Hunter has been settled by J. Paul Reddam and Fifth Third Bank.

  • Legal proceedings continue over ownership of Lane's End Futurity winner Great Hunter.<br><a target="blank" href="http://www.bloodhorse.com/horse-racing/photo-store?ref=http%3A%2F%2Fpictopia.com%2Fperl%2Fgal%3Fprovider_id%3D368%26ptp_photo_id%3D588554%26ref%3Dstory">Order This Photo</a>

    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.

  • Great Hunter may be cleared to ship to Kentucky for Toyota Blue Grass Stakes.

    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.