More problems for IEAH

[Quagmire]

Being sued over the sale of IWR

http://www.bloodhorse.com/horse-racing/articles/51106/lanzman-claims-ieah-breached-contract

Benny The Bull better get a check tomorrow.

[onefast99]

This will get interesting the contract is very complicated and most likely not one a judge has ever seen. Before we all assume IEAH did something wrong let's wait until they file an answer.

[Quagmire]

IEAH has responded.

http://www.bloodhorse.com/horse-racing/articles/51684/ieah-says-i-want-revenge-injury-not-disclosed

[lamboguy]

this will be interesting. i have never heard of a horse that got vetted out sale reversed for lack of disclosure.

there are plenty of sales reversed at the auction's for those reason's. it is in the contract, this case depends on the way the contract was drawn up.

[senortout]

Who owned the colt at the time he won the Wood? Surely the new owners are just as guilty...they use vets don't they?

[Imriledup]

I would have bought half the horse too for 3,175!

[Black Ruby]

I thought his name was I Want a Milkshake?

[rjorio]

Who to route for ? IEAH or Mullins and Lanzman. Is anyone really surprized the upstanding Jeff Mullins would conceal the extent of the injury experienced by I Want Revenge.

[matthewsiv]

A partnership made in heaven!
:lol: :lol: :lol: :lol:

[matthewsiv]

I do not believe that IEAH have a leg to stand on.
:lol: :lol: :lol:

When you purchase a horse you do a veterinairy examination with X=rays and scans and scopes.

If the horse passed this test,what more could they want.

If the horse had a problem and they took a chance then it has backfired.

Slewis will probably have an idea on this.

[kenwoodallpromos]

So do I have this reight- Old owner concealed injury to race; Now new owner is concealing injury to breed? Is there any injury that can affect breeding (or mounting)?

[Quagmire]

Any chance IEAH gets back the "thousands" they spent on Derby tix? :lol:

[rjorio]

IEAH purchased a half interest in I Want Revenge for $ 3,175,000,$1,750,000 cash and a 25% interest in the filly Stardom bound. There was however more to the deal.It has been reported that had the colt won the Derby IEAH WOULD HAVE HAD TO FORK OVER AN ADDITIONAL $1,000,000 TO LANZMAN. Why am I not surprised Mullins kept the IEAH boys in the dark.

[onefast99]

I do not believe that IEAH have a leg to stand on.
:lol: :lol: :lol:

When you purchase a horse you do a veterinairy examination with X=rays and scans and scopes.

If the horse passed this test,what more could they want.

If the horse had a problem and they took a chance then it has backfired.

Slewis will probably have an idea on this.
You are 100% correct the vet does a full exam, hopefully it was a vet IEAH selected if so then there isn't much else to the story. If the vet missed something then his mal-practice will be put to the test. If the horse had a minor issue that turned into something major there is no court in the world that will rule in the favor of the buyer.

[Spendabuck85]

From Thoroughbredtimes.com

David Lanzman is the latest to make a political statement with his horses after naming his two-year-old colt by Thunder Gulch out of Roy mare Meguial (Arg) Dontsellmetofelons. The colt, who is a half brother to Lanzman's I Want Revenge, is an obvious allusion to the legal troubles Lanzman has had with IEAH Stables, which bought a share in I Want Revenge before the Kentucky Derby. I Want Revenge scratched the morning of the race, and both parties are suing each other for various alleged transgressions (thank you anonymous commenter for the proper edit here).

[slewis]

I actually have heard of several cases that have been reversed but I dont know that exact testimony.

The one that I recall is a Hough trained colt about 9 yrs ago that sold privately for I believe $850,000 that was litigated and the sale might have been reversed.

There was testimony of assistants, etc, and under oath...if there was any sort of coverup, well they may have an arguement.

IEAH should hire the lawyers that work for NYRA. If they can scare the attorneys for the State of NY that NYRA really owned the land, they could pull anything off.
They're better than Cochran and Shapiro.

BTW, It amazes me how people have such a hatred for Ivarone and IEAH while the Sheik's in town to buy lots of stock with the oil money we gave them last year when prices were artificially jacked through the roof.

I guess that doesn't leave a "greasy" taste on anyone's palette, but a bunch of ex-wallstreet guys who made a smart private purchase with Big Brown throws people into a frenzy.

Go figure.:bang:

[Black Ruby]

I think this kinda stuff is more why people dislike Iavarone, rather than the purchase of Big Brown.

"Iavarone told The New York Times that he had worked for Goldman Sachs, the world’s largest investment bank.

But he never worked for Goldman Sachs, and in fact was fined and suspended for making unauthorized trades at the A. R. Baron & Co. brokerage firm. Iavarone conceded Wednesday that his Wall Street career consisted of selling penny stocks at A. R. Baron and three other firms — Lloyd Wade Securities Inc., Maidstone Financial Inc. in New York City, and Joseph Dillon & Co. in Great Neck, N.Y.

In 1999, the National Association of Securities Dealers fined Iavarone $7,500 and suspended him for 10 days for buying and selling $22,000 in stock without the permission of his clients.

Manhattan District Attorney Robert M. Morgenthau said that A. R. Baron used lies, unauthorized trades and theft to defraud investors of at least $75 million from 1991 to 1996. The company and 13 former employees were eventually convicted or pleaded guilty. The next year, the company pleaded guilty to one count of enterprise corruption, and regulators shut it down.

Iavarone has been involved in other litigation, including a dispute over a bad check for $20,000 written to the Showboat Hotel and Casino in Atlantic City in January 1999, which he eventually paid, according to court records.

[ryesteve]

BTW, It amazes me how people have such a hatred for Ivarone and IEAH while the Sheik's in town to buy lots of stock with the oil money we gave them last year when prices were artificially jacked through the roof.

I guess that doesn't leave a "greasy" taste on anyone's palette, but a bunch of ex-wallstreet guys who made a smart private purchase with Big Brown throws people into a frenzy.Well, since it was wall street guys that were the ones artificially jacking up those oil prices, that'd explain it...

[slewis]

Well, since it was wall street guys that were the ones artificially jacking up those oil prices, that'd explain it...


Yeah,

And you left out contributing to terrorists organizations, killing americans and allies.

Good try.....:rolleyes:

[sarcastic answer]

Yeah,

And you left out contributing to terrorists organizations, killing americans and allies.

Good try.....:rolleyes:

So it is ok for you to hate the sheik, but the rest of us have no right to hate IEAH??

[ryesteve]

Yeah,

And you left out contributing to terrorists organizations, killing americans and allies.Really? I didn't know the sheikh was responsible for all that personally. Let us know your ethnicity so we can determine which crimes you're responsible for.

[slewis]

So it is ok for you to hate the sheik, but the rest of us have no right to hate IEAH??

Where did you see me say I hate the sheikh?


I might be slighly annoyed since many Americans I personally traded with when I worked on wall st. were killed on 9/11.

Maybe I'll bow to the sheik when I see him....:rolleyes:

[ryesteve]

Where did you see me say I hate the sheikh?Yes, it's obvious you love him. Now take this racist shit to off-topic where it belongs.

[slewis]

Really? I didn't know the sheikh was responsible for all that personally. Let us know your ethnicity so we can determine which crimes you're responsible for.


You're "politician material".... you know... make statements on an issue when deep down inside know what the reality is.


Of course it would take a news expose like "20/20" and some research to trail where money and contributions go.....

So I'll pose my next question to you and all the other geniuses that defend those in question.

If you had to bet YOUR life on a yes or no if these people KNOWINGLY contribute to terrorist org.'s that kill and harm Americans....

How'ya bettin' rye-man????

[ryesteve]

The only thing I'm betting my life on is that you're a small-minded racist who's not worth talking to.

In the meantime, given all the money these people make off us, ask yourself why any of these people would choose to shit on their own gravy train. Don't project the same blind, irrational hatred you have, onto others.

[Mineshaft]

From Thoroughbredtimes.com

David Lanzman is the latest to make a political statement with his horses after naming his two-year-old colt by Thunder Gulch out of Roy mare Meguial (Arg) Dontsellmetofelons. The colt, who is a half brother to Lanzman's I Want Revenge, is an obvious allusion to the legal troubles Lanzman has had with IEAH Stables, which bought a share in I Want Revenge before the Kentucky Derby. I Want Revenge scratched the morning of the race, and both parties are suing each other for various alleged transgressions (thank you anonymous commenter for the proper edit here).






Love the name. Classic.......

[sarcastic answer]

Where did you see me say I hate the sheikh?


I might be slighly annoyed since many Americans I personally traded with when I worked on wall st. were killed on 9/11.

Maybe I'll bow to the sheik when I see him....:rolleyes:

You are politician material, You hate the guy, I think there is a tint of jealousy as well. They can buy horses you only dream of, but you mask it under some proud American citzen Bs.

[Imriledup]

Dont Sell Me To Felons is now my favorite horse! Gonna put him in stable mail.

[slewis]

You are politician material, You hate the guy, I think there is a tint of jealousy as well. They can buy horses you only dream of, but you mask it under some proud American citzen Bs.


Jealousy?:lol:


Umm... Lets see... 1st horse I ever bought (for less than the price of a mid sized car) placed in 2 graded stakes, earned over a half mil....

First horse I ever bred.... easily went through Alw conditions in NY..stud fee $7k...claimed mare for $10k..

Consulted on the purchase of horses ( Both for under $100k )in successive years that won the Tampa Bay Derby...Placed in this years Kentucky Derby and Preakness.....

Umm.... We actually turned a profit in this game.

Anyone out there a CPA???

Im real jealous of people who throw a bunch of shit on the wall and hope some of it sticks.. (in this case REAL expensive shit).

Go ask the Sheikh how profitable his racing operation is...


But before you do... maybe You'd like to answer the same question I asked the other mis-informed heckler.

With your life, as pitiful as it might be, on the line, are you betting that the Sheik has knowingly EVER contributed to a terrorist sponsored group, or not?

Yes or No???

Simple question.....


Get something straight.... I dont care whether you're white, black, yellow, red, or pink with green polka dots..... I'll tell you to your face what I think and wont be (unlike most) hypocritical about it.

Ive been called a racist before.....No problem. I sleep well at night because I know the truth..... and that's all that really matters to me.

[slewis]

The only thing I'm betting my life on is that you're a small-minded racist who's not worth talking to.

In the meantime, given all the money these people make off us, ask yourself why any of these people would choose to shit on their own gravy train. Don't project the same blind, irrational hatred you have, onto others.


At least you know when to fold.

[jonnielu]

I actually have heard of several cases that have been reversed but I dont know that exact testimony.

The one that I recall is a Hough trained colt about 9 yrs ago that sold privately for I believe $850,000 that was litigated and the sale might have been reversed.

There was testimony of assistants, etc, and under oath...if there was any sort of coverup, well they may have an arguement.

IEAH should hire the lawyers that work for NYRA. If they can scare the attorneys for the State of NY that NYRA really owned the land, they could pull anything off.
They're better than Cochran and Shapiro.

BTW, It amazes me how people have such a hatred for Ivarone and IEAH while the Sheik's in town to buy lots of stock with the oil money we gave them last year when prices were artificially jacked through the roof.

I guess that doesn't leave a "greasy" taste on anyone's palette, but a bunch of ex-wallstreet guys who made a smart private purchase with Big Brown throws people into a frenzy.

Go figure.:bang:

It's all in the training.

jdl

[sarcastic answer]

Jealousy?:lol:


Umm... Lets see... 1st horse I ever bought (for less than the price of a mid sized car) placed in 2 graded stakes, earned over a half mil....

First horse I ever bred.... easily went through Alw conditions in NY..stud fee $7k...claimed mare for $10k..

Consulted on the purchase of horses ( Both for under $100k )in successive years that won the Tampa Bay Derby...Placed in this years Kentucky Derby and Preakness.....

Umm.... We actually turned a profit in this game.

Anyone out there a CPA???

Im real jealous of people who throw a bunch of shit on the wall and hope some of it sticks.. (in this case REAL expensive shit).

Go ask the Sheikh how profitable his racing operation is...


But before you do... maybe You'd like to answer the same question I asked the other mis-informed heckler.

With your life, as pitiful as it might be, on the line, are you betting that the Sheik has knowingly EVER contributed to a terrorist sponsored group, or not?

Yes or No???

Simple question.....


Get something straight.... I dont care whether you're white, black, yellow, red, or pink with green polka dots..... I'll tell you to your face what I think and wont be (unlike most) hypocritical about it.

Ive been called a racist before.....No problem. I sleep well at night because I know the truth..... and that's all that really matters to me.

You failed to mention your failures that you purchased , never mind the successful buys, lets hear how much shit you threw against the wall before some stuck! See the jealousy pops up again, the sheik has some of the best bloodstock guys in the world working for him, but you categorize it as throwing crap against the wall. BTW the sheik does not need to turn a profit just loves racing...

Easy to sit at your keyboard and tell me how you dont care what color people are "I tell it like it is" . Go stand in the Saratoga paddock and let everyone know your racist attitude . Sleep well .

[rokitman]

You failed to mention your failures that you purchased , never mind the successful buys, lets hear how much shit you threw against the wall before some stuck! See the jealousy pops up again, the sheik has some of the best bloodstock guys in the world working for him, but you categorize it as throwing crap against the wall. BTW the sheik does not need to turn a profit just loves racing...

Easy to sit at your keyboard and tell me how you dont care what color people are "I tell it like it is" . Go stand in the Saratoga paddock and let everyone know your racist attitude . Sleep well .
The kicker is that Spewis is black.

His heart, that is.

[PaceAdvantage]

You guys force another thread to be closed...such a shame...