July 25, 2011
The bankruptcy trustee for Kentucky horse breeder ClassicStar LLC on Friday inked $27 million in settlements with investors accusing the GeoStar Corp. subsidiary of convincing them to claim $500 million in improper tax deductions in a fraudulent mare-leasing scheme.
July 14, 2011
Wilmington Trust FSB argued Wednesday that federal securities law bars a $12 million fraud suit in the multidistrict litigation over an alleged a horse-breeding scam run by ClassicStar LLC owner GeoStar Corp.
July 06, 2011
The bankruptcy trustee for Kentucky horse breeder ClassicStar LLC said Wednesday he had reached a $2 million settlement with the breeder's former owner, GeoStar Corp., in a tax and securities fraud case included in multidistrict litigation over a mare leasing program.