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Judge closes Jockeys' Guild bankruptcy case
July 2, 2009
LOUISVILLE, Ky. (AP) -A federal bankruptcy judge has closed the case of the Jockeys' Guild, ending the long-running court supervision of the riders' trade association.
U.S. Bankruptcy Judge David Stosberg signed the order this week to end the two-year process. The guild had previously settled a legal fight with its former director and came up with a plan to pay debts related to its health insurance plan.
In December, Stosberg approved a plan that would allow the Guild to emerge from bankruptcy.
As part of the plan, the Guild had told jockeys it was not economically feasible to continue providing health insurance. The Guild will still provide disability and life insurance, and continue to lobby for jockeys on health and safety issues.
AP NEWS
The Associated Press News Service
Copyright 2012
The Associated Press
All Rights Reserved
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Mike Dempsey
Mike covers the New York racing circuit (Aqueduct, Belmont Park, and Saratoga) year round as well as Keeneland, Churchill Downs, the Triple Crown, and the Breeders’ Cup.
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Jerry Sessa
Jerry "Shots" Sessa has been involved in horse racing for over 30 years. He now brings his meticulous handicapping style to VegasInsider.com. When Jerry posts picks you are getting his best bets...when you win, he wins.
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