Fifth Third Bank has filed a lawsuit against Gulf Coast Farms, North America's fourth-leading breeder for 2010, and related entities alleging they are in default on loans made in 2009 and 2010.
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.
The Florida Division of Pari-Mutuel Wagering has approved Hialeah Park's request to hold its 2010-2011 Quarter Horse meet from Dec. 3, 2010 through Jan. 23, 2011.
- By Ron Mitchell
Consultant Jerry Brown, who was awarded $25,000 for his role in the sale of Horse of the Year Rachel Alexandra, has appealed that ruling, contending that he is owed more than $4.7 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.
A federal judge has dismissed an anti-trust lawsuit filed by a Maryland harness track against Churchill Downs, TrackNet Media Group, and other parties over full-card simulcasting.
Former Duke basketball star Bobby Hurley's Devil Eleven Farm has been slated for public sale after he and his wife, Leslie, agreed not to challenge foreclosure proceedings seeking to recover more than $3.3 million.
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.
A United States Bankuputcy Court judge in Maryland has tossed out a plan by Cloverleaf Enterprises Inc. to sell Rosecroft Raceway without having to make good on several claims.
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.
Dr. Rodney Stewart, who was suspended five years by the Kentucky Horse Racing Commission for violating various medication violations including possession of cobra venom, has been granted a stay of that action until his appeal can be heard, according to a ruling by a Franklin (Kentucky) Circuit Court judge.
IEAH Stables has filed court documents claiming that David Lanzman failed to disclose injuries to I Want Revenge that eventually led to the 3-year-old colt being scratched on the morning of the Kentucky Derby Presented by Yum! Brands (gr. I), for which he was the morning- line favorite.
David J. Lanzman Racing Stable has filed suit against IEAH Stables, claiming breach of contract in connection with IEAH's purchase of half-interest in I Want Revenge, the morning-line favorite for this year's Kentucky Derby Presented by Yum! Brands (gr. I) who was scratched the day of the classic.
It began in 2006 with an anonymous flyer questioning the effectiveness of the Mountaineer Horsemen's Benevolent and Protective Association, and snowballed into allegations, a protest, litigation, and paper trail that led some to question the validity of the association's most recent election.
The Seminole Tribe of Florida is preparing for the June 22 launch of blackjack and baccarat at its Hollywood, Fla., casino located 10 miles from Gulfstream Park, one of the racetracks that filed suits to stop the Seminole gaming expansion.
- By Ryan Conley
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.
- By Ray Paulick
Attorneys for Jess Jackson have named three additional defendants and new fraud charges involving the wine magnate's bloodstock acquisitions and purchase of the former Buckram Oak Farm in Kentucky in a motion for leave to file an amended complaint to the Superior Court of California in San Diego. The motion was filed March 9.
- By Tom LaMarra
Legislation that would protect buyers and sellers in equine transactions is on its way to the floor of the Kentucky Senate, though one lawmaker plans to offer two amendments. Meanwhile, horse industry representatives planned another meeting to hammer out a compromise on some language in the bill.
- By Tom LaMarra
The National Horsemen's Benevolent and Protective Association may look for ways to pursue legal action to stop signal piracy and recover what they believe is their fair share of revenue from wagering on Thoroughbred racing.
A federal jury in Santa Ana, Calif., has awarded more than $1 million to the owners of a California Thoroughbred breeding and training farm over a feed additive that is designed to kill fly larvae in manure.
Sir Alex Ferguson, Britain's most successful soccer manager, has started court action against John Magnier, owner of Ireland's Coolmore Stud, as the dispute between them over top racehorse Rock Of Gibraltar, who is now a globe-trotting stallion, reaches a climax.
A change of judges has delayed a pre-trial hearing in a lawsuit involving 1998 Kentucky Derby (gr. I) winner Real Quiet. For scheduling reasons, Judge Henry R. Wilhoit recused himself from the case in which Kentucky farm owner George Hofmeister has accused owner Mike Pegram and trainer Bob Baffert of fraud.
A hearing to determine if five defendants should be dismissed from a lawsuit filed against the Jockeys' Guild by former national manager John Giovanni was postponed Wednesday due to illnesses by attorneys on both sides of the case.
Although it appeared as if resolution was near in the lawsuit regarding the ownership of Val's Prince, a new round of legal maneuvering threatens to prolong the matter. Blissfully ignorant of the litigation, Val's Prince continues to perform on the racetrack, and is likely to make his next start in the Hong Kong Vase Invitational on Dec. 17.
A Pennsylvania corporation has filed suit against Canadian horse owner Robert Waxman, claiming that it is owed a percentage of the profits from the sale of the Mr. Prospector--Eaves colt that topped last year's Fasig-Tipton Saratoga select yearling sale.
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