Co-Owner Of Deceased Laoban Sues Insurers Over Denial Of Mortality Coverage

Kevin Moody's Cypress Creek Equine LLC is suing four insurance companies that allegedly denied mortality coverage for Cypress Creek's interest in the WinStar Farm stallion Laoban, who died unexpectedly May 24, 2021, at the age of eight.

North American Speciality Insurance Company, XL Specialty Insurance Company, Underwriters at Lloyd's of London, and Lloyd's Kentucky, Inc. are named as defendants in the lawsuit, filed in Fayette Circuit Court  in Lexington, Ky., on March 21.

The complaint states that Laoban, a leading freshman sire of 2020 who moved from Sequel Stallions New York to WinStar Farm near Versailles, Ky., prior to the 2021 breeding season, was a “healthy stallion” who died “after being given vitamin and mineral supplements.”

At the time of Laoban's death, the complaint states, Cypress Creek had mortality coverage in the stallion through the defendant insurers.

However, the complaint states, “In a letter dated Aug. 4, 2021, the insurers wrongfully denied Cypress mortality coverage and therefore an actual controversy exists pursuant to KRS 418.040. The denial violated the clear terms and provisions of the policies.”

The denial letter was not included with the complaint.

The complaint alleges the denial “was alternatively based on provision(s) in the policies which are ambiguous and/or must be construed to afford coverage to Cypress pursuant to its reasonable expectations of coverage.”

Cypress Creek, represented by Escum L. “Trey” Moore of Moore & Moore in Lexington, is seeking the mortality coverage, compensatory damages, costs and attorney's fees.

Laoban, a Kentucky-bred by Uncle Mo, won the Grade 2 Jim Dandy Stakes in 2016, suffered a soft-tissue injury later in the year,  and entered stud at Sequel Stallions New York in 2017 for a $7,500 live foal fee. He was second leading freshman sire in 2020 behind Nyquist, his first crop including G1 winner Simply Ravishing. WinStar jumped Laoban's stud fee to $25,000 after acquiring him for the 2021 season, and, according to Jockey Club statistics, he was bred to 126 mares prior to his death on May 24.

Laoban is the sire of the New York-bred gelding Un Ojo, winner of this year's G2 Rebel Stakes at Oaklawn. Un Ojo races for the Cypress Creek Equine of Moody, a resident of Lafayette, La.

The post Co-Owner Of Deceased Laoban Sues Insurers Over Denial Of Mortality Coverage appeared first on Horse Racing News | Paulick Report.

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Curlin Colt Heads Inaugural Dubai Breeze-up

DUBAI, UAE–A sale hosted at Meydan just a few days in advance of the Dubai World Cup meeting always promised to have an international feel to it, and though many of the 2-year-olds purchased at the inaugural Goffs Dubai Breeze-up Sale will remain in the Middle East, others will head to Japan and back to Europe as they head into training.

“A first for Dubai and a first for Goffs,” said Goffs Group Chief Executive Henry Beeby, as the initial batch of horses was ushered into the parade ring before a large crowd gathered around the paddock restaurant.

With Sheikh Mohammed arriving just before the off, as the next few hours unfolded, 69 horses were offered for sale in the winner's enclosure, with 52 (74%) having found a buyer by the close of play, bringing an aggregate of AED31,580,000 (€8,200,409) at an average price of AED609,412/€157,700. The median was AED400,000/€104,128.

The evening's top lot (45), a colt by Curlin, began life in Kentucky before being bought at Keeneland from Denali Stud for $150,000 and travelling to Ireland to Tom Whitehead's Powerstown Stud. He is now likely to remain in Dubai after Mohammed Al Subousi went to AED2,500,000 (€619,808) to secure the son of the dual winner Saucy Dame (Distorted Humor). The Dubaian owner will be represented on Saturday in the G1 Dubai Golden Shaheen by the well-bred Eastern World (Ire), a Dubawi (Ire) half-brother to dual G1 Dubai World Cup winner Thunder Snow (Ire) (Helmet {Aus}).

“That was beyond my expectations,” said Whitehead. “We've had a very good sale. He was just a bit babyish when we bought him but he matured into a lovely horse.”

He added of the breeze, in which the horses were asked to stretch out at a steadier pace than is the norm at breeze-up sales, “This is much easier for us because you can get the horses here in one piece and hopefully they will train on. I think it's a very good idea. If you're buying a classy horse like that you don't want them doing 10-second furlongs.”

Whitehead's shopping trip to Keeneland last September proved to be a fruitful one as he also sold lot 59, bought for $110,000 as a yearling, to Prince Faisal Khalid Bin Abdulaziz for AED2,000,000 (€495,846). The son of Mo Town is out of Tizza Trick (Tiznow), a half-sister to GIII Bashford S winner Exfactor (Exchange Rate).

The second-most expensive colt of the sale will be heading to Japan for his racing career after Hirokazu Okada of Big Red Farm gave AED2,100,000 ($520,638) for lot 30. The only son of Frankel (GB) in the catalogue, he is a half-brother to the Group 3 winner Lily's Angel (Ire) (Dark Angel {Ire}) and listed victrix Zurigha (Ire) (Cape Cross {Ire}).

“He has to go to Europe for 60 days before he can go to Japan,” Okada explained. “We like Frankel and he was a very masculine colt and a good walker.”

Bred by Nick and Alice Nugent, the son of the unraced Noyelles (Ire) (Docksider) from the family of the George Strawbridge-bred Group 1 winners We Are (Ire), Call The Wind (GB) and With You (GB), was sold for €360,000 as a foal at Goffs to Oneliner Stables. Unsold when offered at the yearling sales, he was then prepared as a breezer by Church Farm & Horse Park Stud.

John Cullinan, one half of the consigning duo with Roger Marley, said, “We've had a marvellous night. We've sold a Tapiture and a Mastery well, so we've been very lucky, and then to have this horse.”

He continued, “Some friends of ours bought him as a foal so there was a lot of pressure, but he's a marvellous horse. They weren't expecting a rocket type–these are next year's horses, and we've trained him accordingly. He did very little galloping, Roger Marley looked after all of that, but this horse was just naturally talented and he has improved physically.

“I'm all for anything that will bring new money into the sport, and fair play to Goffs and the Dubai Racing Club to establish this. It's another dimension to the whole season and they have been fantastic hosts. They have looked after us so well. There's a great crowd here.”

Another of the Juddmonte stallions, Kingman (GB), found his name on the leaderboard as the sire of lot 40, a half-brother to G3 Geoffrey Freer S winner Agent Murphy (GB) (Cape Cross {Ire}), knocked down to Ross Doyle for AED2,000,000 (€495,846).

“He's for an existing client,” said Doyle of the Aguiar Bloodstock consignee. “He's a lovely colt with a very nice pedigree and he breezed particularly well. He may stay here but there's a chance he'll go back to Europe–a good chance, I'd say.”

The colt was bought by Robson Aguiar and Amo Racing for 110,000gns at Tattersalls October Book 1.

Scottish-born owner Dr. Jim Hay, a full-time resident of Dubai, made a little piece of bloodstock history as the successful bidder on the first lot through the ring. The colt by Gun Runner out of the dual Grade II winner Bank Audit (Wild Rush), already the

dam of seven winners, sold for AED1,400,000 (€347,092).

After his agent Alex Cole had signed for the colt, Dr. Hay said, “I think the sale is a brilliant concept and I know it's something that Goffs have been hoping to do for a while. The horse has a lovely pedigree. We're looking for horses who will go on the dirt in Dubai. We bought three in Ocala last week to go to Bhupat Seemar and he will train this horse as well.”

Lot 1 was offered by Mickey Cleere of MC Thoroughbreds, who understandably expressed relief at a positive start to his breeze-up season. After the colt was unsold at $70,000 at Fasig-Tipton last October, he was bought privately for $50,000.

“I was a bit worried about being the first lot in but that's a lot of money,” said Cleere. “We certainly bought him with this sale in mind and we were after one of those fashionable pedigrees.”

The colt is from the second crop of Breeders' Cup Classic winner Gun Runner, who was also runner-up to Arrogate in the Dubai World Cup of 2017.

Towards the end of the evening Cole and Hay later returned to the MC Thoroughbreds draft to buy a filly by Into Mischief out of the Grade III winner Ageless (Successful Appeal) (lot 67) for AED1,600,000 (€396,677).

The progeny of Dubawi (Ire) have posted some pretty impressive results at Meydan over the years and his sole juvenile in the sale, a filly out of the listed winner Joyful Hope (GB) (Shamardal), was bought by Yousuf Salem Saeed Saqer Al Kaabi for AED1,400,000 (€347,092).

Malcolm Bastard, who consigned lot 24 for her breeders Lord and Lady Lloyd Webber of Watership Down Stud, said, “We are pleased with the price, which is only the price of the nomination and keep, and we hope she's very lucky for the people who race her.

“I was a bit nervous coming in but it has worked out well. We were told to breeze at a three-quarter pace and that's what we did.”

Reflecting on the inaugural Dubai Breeze Up Sale, Goffs Group Chief Executive Henry Beeby said, “The first Dubai Breeze-Up Sale has laid the most solid foundations for future evolution following a vibrant evening in the winner's enclosure at the iconic Meydan racecourse.

“Goffs would like to thank the Dubai Racing Club for the trust and confidence placed in our service and we salute the vision of HH Sheikh Mohammed in adding the sale to this amazing weekend of racing. The Dubai World Cup is the focal point of the racing and bloodstock world this weekend and the global appeal of Dubai was clearly reflected in the international nature of the list of buyers who literally travelled from every corner of the world.

“We have learned a huge amount in our first year and look forward to growing the sale in future years with the Dubai Racing Club. It was some evening, some privilege, and some atmosphere.”

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Tattersalls March Online Sale Topped By No Nay Never Gelding

Hamlet (Ire) (No Nay Never) (lot 14), a 2-year-old gelding, brought a sale-topping 26,000gns during the Tattersalls March Online Sale that wrapped on Wednesday. Offered by Johnstown Stud, the son of the Group 3 Musidora S. third Pandora (Ire) (Galileo {Ire}) was purchased by Mount Racing's John Quinn.

Quinn commented, “He has a lovely pedigree and is a nice, scopey individual. I was able to visit where he's been prepped and was very pleased when I saw him move. The Tattersalls Online platform is a great vehicle for a sale of this type, for both buyers and vendors.”

It was a tie for second on the leaderboard, with the Johnstown Stud-consigned full-brothers Valley of Kings (GB) (Zoffany {Ire}) (lot 12) and Tudor (Ire) (Zoffany {Ire}) (lot 25) both hammering for 24,000gns. Fernham struck for the 2-year-old Valley of Kings, who has already been gelded. Out of the Galileo mare Tiger Lilly (Ire), herself a half-sister to the stakes winner Cold Cold Woman (GB) (Machiavellian) and a full to G1 Gold Cup third Robin Hood (Ire) (Galileo {Ire}), the duo's third dam is the G1 Irish 1000 Guineas heroine Arctique Royale (Ire) (Royal and Regal).

Alliance Bloodstock and Orbital Racing snapped up the 3-year-old colt, Tudor.

“Tudor has been purchased for a new syndicate, Orbital Racing,” said Alliance Bloodstock's Eimear Donnelly. “He's a lovely horse, the last of the Zoffanys and rated 77 and will suit what we are looking for. A trainer has yet to be decided.”

Matt Coleman, advisor to the complete dispersal of the late Sir Robert Ogden's stock, commented, “The Tattersalls Online platform offered us an effective way of selling these horses and we're pleased with the prices that they all made. It was a very positive experience.”

At the close of the sale, 14 lots sold (58%) of 24 offered for a gross of 137,000gns. The median was 6,500gns and the average was 9,786gns.

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