Ahmed Zayat and family celebrating American Pharoah’s big night at the Eclipse Awards in 2016
When attorneys representing Ahmed Zayat asked a U.S. bankruptcy court judge to let them drop out of the case because they allege the Eclipse Award-winning owner and breeder stopped paying them, some wondered why any law firm would represent an individual whose racing stable owed so much money to so many people.
We aren’t experts on legal issues, so went to someone who is: Bob Heleringer, a Louisville, Ky., attorney and former state legislator who joins Paulick Report publisher Ray Paulick and bloodstock editor Joe Nevills to discuss the Zayat case. (Full disclosure: Heleringer said he represents trainer Rudy Rodriguez, one of several trainers to whom Zayat Stables owes money, according to court documents.)
While Heleringer’s expertise is in equine regulatory law, he has some interesting comments and observations about the Zayat bankruptcy and the $23-million lawsuit filed against him by MGG Investment Group alleging fraud and breach of contract on a loan.
Joe and Ray review the performance by Jolie Olimpica, the Woodbine Star of the Week who carried the red and white Fox Hill Farm colors of the late Rick Porter to victory in last week’s Grade 2 Nassau Stakes.
Watch this week’s show, presented by Monmouth Park, below:
New to the Paulick Report? Click here to sign up for our daily email newsletter to keep up on this and other stories happening in the Thoroughbred industry.
Copyright © 2021 Paulick Report.