More Fun with Litigation

Things might finally be moving forward in the ongoing Curlin ownership saga; while not confirmed, the word is that Jess Jackson should be able to pick up the remaining shares that are involved in the suit: It is believed that Stonestreet Stables has a first right of refusal on any sale of Tandy’s minority interest in Curlin, which if true, means the majority owner could possibly match any successful bid for the champion colt. Attorney Richard Getty, who represents Stonestreet, declined to confirm the first right of refusal scenario, but said owners Jess Jackson and his wife, Barbara Banke, would "exercise any and all rights included in the terms of the agreement." Of course, more than the shares in Curlin are at stake: Attorney Andre Regard, who represents Tandy LLC, the entity that controls the defendants' racing operation, Midnight Cry Stable, then queried the judge on how he should advise his clients on the potential sale of the assets. "Should I recommend to my clients that they start winding up their business?" Regard asked. "There are a lot of guys out there training horses ... there are 26 horses, employees -- at this rate, there needs to be some good way to wrap this up. " Crittenden replied, "I think you probably need to advise your clients that at some point in time in the next couple of weeks, I intend to enter an order that allows the plaintiffs to execute on the wholly-owned (limited liability companies)." So, it would seem that the other Midnight Cry Stables horses will be on the market. Here's hoping Einstein gets a nice new owner who keeps him in training with Helen Pitts, as he's been flourishing under her care. If we could only afford him, he'd make a lovely TBA mascot!