A federal appeals court found the operators of a mare-lease program, ClassicStar and GeoStar, actively sought to mislead investors.
A federal judge has set a Nov. 30 trial date for several of the numerous lawsuits filed in connection with the ClassicStar case.
A 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.
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.
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.
The 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.
After months of having fingers pointed at them, the principal parties involved in the ongoing ClassicStar legal saga are now taking shots at each other.
ClassicStar 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.
Former 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.
A 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.
A 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
A 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.
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.
Correction to Sept. 11 story reporting on investors lawsuit against ClassicStar.
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