BSF Wins Jury Trial in Las Vegas Federal Court
December 15, 2007
The Blood-Horse, a leading thoroughbred horse industry weekly, reports that after an eight-day trial, a Las Vegas federal jury found defendants Robert Raphaelson and Kentucky Blue Stables liable for breach of fiduciary duty, fraud and conversion, and awarded substantial damages to New York horsewoman Ashley Andrews and her partners in a case involving the undisclosed sale of syndicate shares in and breeding nominations to leading thoroughbred stallions A.P. INDY and KINGMAMBO. "Coupled with a partial summary judgment of $510,625 entered last year against the defendants, total damages approaching $2.4 million have been realized in the case, including the jury-awarded $285,074 in additional compensatory damages, and $1.6 million in punitive damages." The plaintiffs were represented by BSF lawyers Christopher Green, Richard Pocker, Ian Dumain and Lisa Nousek. According to Green, "the jury did not believe the various explanations Mr. Raphaelson gave for his conduct. They drew upon common sense and experience and judged accordingly."
(See "Damages Awarded in Trial Involving Stallion Shares", The Blood-Horse Magazine,
December 15, 2007, at 7114.)
Related Practice: Litigation
External Link: http://www.bloodhorse.com/articleindex/article.asp?id=42595