settlement

The New York Racing Association and trainer Marcus Vitali have reached a settlement regarding NYRA's effort to exclude the trainer from participating at its three tracks. According to NYRA spokesman Pat McKenna, the agreement requires that the terms of the settlement remain confidential. The TDN reached out to both Vitali's attorney Brad Bielly Friday in an attempt to gather more information. By mid-afternoon, he had not responded. Vitali told the TDN that he was not aware of the terms of the deal. In September, NYRA announced that it would begin...

The trustee in Ahmed Zayat's personal bankruptcy case has negotiated a $1.5-million settlement to be paid by the debtor's brother, Sherif Zayat, that a court document stated will "resolve all claims and causes of action" related to the multiple mortgages on Zayat's home. The motion for approval of that settlement, if so ordered by a judge in a New Jersey federal bankruptcy court July 6, doesn't mean the end to the complicated, now 21-month-long Chapter 7 petition by the allegedly insolvent former Thoroughbred owner and breeder. But it does mean...

In an attempt to resolve years of federal Clean Water Act (CWA) violations at its Fair Grounds racetrack in New Orleans, Churchill Downs Louisiana Horseracing Company, LLC, has agreed to pay a $2.7 million penalty--the largest civil fine ever paid by a concentrated animal feeding operation in a CWA matter. Under the terms of the settlement announced Sept. 29 by the United States Environmental Protection Agency (EPA) and the Department of Justice (DOJ), the limited liability company that runs Fair Grounds must also implement $5.6 million in operational changes and...

The litigation between Frank and Elfriede Stronach, Belinda Stronach, Frank and Nicole Walker, Alon Ossip and Stronach Consulting Corp. has been dismissed by the Ontario Superior Court of Justice as the result of a settlement, The Stronach Group announced in a statement issued Thursday. Belinda Stronach will remain Chairman and President of The Stronach Group with full control of all of the company's racing, gaming, real estate and related assets, including the new 1/ST brands. Frank and Elfriede Stronach, through their own personal entity, will take control and ownership of...