Quote:
|
Originally Posted by Cannon Shell
|
I think you have answered your own question about the law by reading this piece about a decision handed down months ago.
As to insurance companies, horses are property-chattel-and that is what title insurance, et al is for.
The first link you brought up included this:
IEAH is simply saying that it bought into a horse -- for a princely sum -- and was not kept informed of the condition and welfare of their living, breathing investment until such point that he was scratched from the Derby and the colt's unsoundness was undeniable. In fact, IEAH claims it asked Lanzman directly about a Derby Eve rumor that the colt would be scratched and that Lanzman was dishonest by denying the rumor, a claim Lanzman denies.
That makes for a good story.
Such claims lead one to question the honesty and transparency of the back side at America's racetracks, and whether even the richest owners who have millions invested are really kept up to speed with what's going on with their horses. And actually, the writer does a very good job of detailing the facts and claims that IEAH has presented regarding that aspect of the case.
IEAH is not an entity I am proud to see represent horseracing for the US. But in this case it appears they are right, legally and morally.