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.
I Want Revenge, the morning-line favorite for the 2009 Kentucky Derby Presented by Yum! Brands (gr. I) before being scratched the day of the race, is back in training at Aqueduct.
When Jim Cullen was recently banned from all North American auctions through 2010 as a result of action taken by Keeneland and Fasig-Tipton under the Sales Integrity Program, it marked the latest in a series of business and legal setbacks for the 42-year-old Lexington bloodstock agent.
An attorney for Edmund Gann said the owner will appeal a July 21 decision by the Arkansas Racing Commission disqualifying It's a Bird from his victory in the April 4 Oaklawn Handicap (gr. II) after the horse tested positive for the prohibited substance naproxen, an anti-inflammatory medication.
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.
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