Pletcher, Casse, American Pharoah Highlight Hall Of Fame Induction Ceremony

The combined ceremony for the 2020 and 2021 Hall of Fame induction classes was, as usual, filled with laughter and tears for the honorees, highlighted by trainers Todd Pletcher and Mark Casse. The ceremony took place Aug. 6 at the Fasig-Tipton sales pavilion in Saratoga Springs, N.Y.

Pletcher, who was introduced with a fond series of recollections by longtime owner Mike Repole, received a standing ovation when accepting his plaque. Pletcher, who shows no signs of slowing down, already has seven Eclipse Awards to his credit alongside five Triple Crown wins, 11 Breeders' Cup victories, and 60 individual meet titles, including 14 at Saratoga.

Pletcher is widely cited as one of the jewels in the prominent training tree of fellow Hall of Famer D. Wayne Lukas, whose tutelage he acknowledged during his acceptance speech. Pletcher said he is often asked what the most important lesson was that he took from his time with Lukas.

“The answer is there's not one thing, it's everything,” said Pletcher. “Every horse matters. Every owner matters.”

Pletcher set his sights on training from a young age, encouraged by his father, who is a former trainer and owns a Florida training center, and his mother, who helped him take out his first loan when he wanted to open his own barn. He put out his shingle in 1995.

Mark Casse also became a Hall of Famer on Friday morning – an incredible evolution for the man who remembered visiting the hall with his father in 1972 at the age of 11.

“At the end of the visit, I confidently told my dad, 'I'll be in here some day,'” an emotional Casse remembered. “As any good father would do, he told me, 'Yes, Mark, you will.' Well, we did it.”

Casse has won 13 Sovereign Awards, two American Triple Crown races, eight Canadian Triple Crown races, five Breeders' Cup races, and was inducted into the Canadian Horse Racing Hall of Fame in 2016.

Casse and Pletcher both acknowledged the tremendous support from owners, family, and staff that helped them reach this moment in their careers. Although Casse was shepherded into the racing world by his father Norman, who built Cardinal Hill Stable in Ocala, Fla., and was chair of the Ocala Breeders' Sales Company, Mark Casse recalled that he owes his mother just as great a debt for his career. When his parents divorced, Casse was asked to choose which parent he would live with. His mother would be leaving the farm, and his father would continue to be hands on with the horses. Overwhelmed with emotion, Casse asked his wife Tina to read the part of his speech that acknowledged her contribution to his career.

“I asked my mom a simple question that would change the course of my life,” Casse had written. “'Mom, do you truly love me?' 'With all my heart,' she said. I said, 'Mom, if you truly love me, you'll let me stay with Dad.' I know that had to have killed her, but she granted me a true sign of love by letting me stay on the farm. Who knows where my life would be today if it wasn't for her sacrifice.”

The induction ceremony also marked the entry of 2015 Triple Crown winner American Pharoah into the Hall of Fame. Embattled owner/breeder Ahmed Zayat accepted the plaque on behalf of the horse. Zayat recalled his favorite moments from the horse's career, including the enormous fan following generated by “America's horse.”

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“I've never seen 20,000 people come in the morning to see a horse gallop,” said Zayat, recalling the horse's workout at Saratoga ahead of his loss in the Grade 1 Travers. “I don't think we'll ever see that again. American Pharoah loved the crowd. He loved the people.”

Wise Dan also took his place in the Hall, marking the crowning achievement in a career that included two Horse of the Year awards, four other Eclipses, earnings of $7.5 million, track records at three tracks, and 19 graded stakes wins.

Trainer Charlie LoPresti was on hand to accept the plaque for Wise Dan.

“My only regret is that Mr. [Morton] Fink is not here to accept this award because he was so proud of that horse,” said LoPresti. “He used to tell me all the time, 'Charlie, the only thing that keeps me alive is that horse.' …I think it put years on his life.”

Additional honorees Aug. 6 included steeplechase trainer Jack Fisher, historic review jockey Darrel McHargue, Pillars of the Turf J. Keene Daingerfield, Jr., George D. Widener, Jr., and Alice Headley Chandler, and historic review horse Tom Bowling.

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The Friday Show Presented By Monmouth Park: What’s The Deal With Zayat?

When attorneys representing Ahmed Zayat asked a U.S. bankruptcy court judge to let them drop out of the case because they allege the Eclipse Award-winning owner and breeder stopped paying them, some wondered why any law firm would represent an individual whose racing stable owed so much money to so many people.

We aren't experts on legal issues, so went to someone who is: Bob Heleringer, a Louisville, Ky., attorney and former state legislator who joins Paulick Report publisher Ray Paulick and bloodstock editor Joe Nevills to discuss the Zayat case. (Full disclosure: Heleringer said he represents trainer Rudy Rodriguez, one of several trainers to whom Zayat Stables owes money, according to court documents.)

While Heleringer's expertise is in equine regulatory law, he has some interesting comments and observations about the Zayat bankruptcy and the $23-million lawsuit filed against him by MGG Investment Group alleging fraud and breach of contract on a loan.

Joe and Ray review the performance by Jolie Olimpica, the Woodbine Star of the Week who carried the red and white Fox Hill Farm colors of the late Rick Porter to victory in last week's Grade 2 Nassau Stakes.

Watch this week's show, presented by Monmouth Park, below:

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Claiming They Are Owed $368,272, Zayat’s Attorneys Want Out Of Bankruptcy Case

Ahmed Zayat, who filed for Chapter 7 bankruptcy last year after being sued by MGG Investment Group for allegedly defaulting on a $24 million loan, has stopped paying his attorneys, according to a court filing.

Jay L. Lubetkin, a partner in the Rabinowitz, Lubetkin & Tully law firm that has been representing Zayat in both the bankruptcy and MGG adversary proceedings, filed a notice with U.S. Bankruptcy Court in New Jersey on Monday seeking to withdraw from the case.

Lubetkin said Zayat has failed to fulfill his promise to keep outstanding invoices within 60-day terms and a subsequent promise to make minimum monthly payments of $50,000. Lubetkin said he tried communicating with Zayat “at least nine times” in July to discuss the status of payments but has not received a “substantive or satisfactory response” from the Eclipse Award-winning owner and breeder who campaigned 2015 Triple Crown winner and Horse of the Year American Pharoah.

Lubetkin said Zayat currently owes $368,273.33, not including billings incurred since June 29, 2021. Lubetkin said the last payment received was May 5, with outstanding bills now dating back to February of this year.

“If (Zayat) were to satisfy his previously expressed commitment to keep our receivables within 60-day terms,” Lubetkin wrote, “it would require an immediate payment of $232,899, and a further payment of $76,717 when the billing governing July's efforts is tendered.”

Lubetkin commented that the MGG Investment Group lawsuit is “in its earliest stages” and likely would not go to trial until the second quarter of 2022, at the soonest.

Zayat's “payment failures constitute a failure to substantially fulfill obligations to our firm,” Lubetkin wrote, “and the debtor (Zayat) has been given reasonable warning that we will have no choice but to withdraw unless those obligations were fulfilled. … Additionally, continuing representation of the debtor will result in an unreasonable financial burden on our firm.”

Zayat, Lubetkin added, is “an extremely intelligent individual who fully understands the Chapter 7 bankruptcy process, the nature of the claims being made against him by MGG Investment Group in its adversary proceeding seeking the non-dischargeability of the alleged debt due MGG Investment Group, the role of his individual Chapter 7 trustee, the role of the Chatper 7 trustee for Zayat Stables LLC, the prospect of an objection to discharge complaint being filed against the debtor by his individual Chapter 7 trustee and the prospect of a Section 523 complaint being filed against the debtor by the Stables' trustee. The debtor also understands the exemption available to his interest in residential real property, the exemption available to his ownership interest in home furnishings, and the impact of the real property and personalty appraisals  obtained by his Chapter 7 trustee.

“Based on the debtor's intelligence and the detailed statutory and caselaw information which has been shared with the debtor,” Lubetkin concluded, “the debtor is fully capable of representing himself in his main bankruptcy case and in the adversary proceeding.”

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Zayat’s Bankruptcy Lawyers Want to Sever Ties Over $368K in Unpaid Fees

The law firm representing Ahmed Zayat in his $19-million bankruptcy pleading asked a federal judge Monday for permission to walk away from the case based on Zayat's alleged non-payment of $368,273 to the firm in outstanding legal fees.

“The representation of the Debtor has consumed an extremely significant amount of the available resources of our firm,” wrote attorney Jay Lubetkin of Rabinowitz, Lubetkin & Tully, LLC, in a July 26 “motion to withdraw” filed in United States Bankruptcy Court (District of New Jersey).

“The Debtor has been consistently advised that absent satisfactory arrangements for the payment of the outstanding fees and expenses due to our firm and newly incurred billings, the firm would have no alternative but to seek to withdraw from representation of the Debtor,” Lubetkin wrote.

The purportedly insolvent owner and breeder of Triple Crown champ American Pharoah hired the firm when he filed for Chapter 7 bankruptcy protection nearly one year ago.

Lubetkin's firm has also been defending Zayat in an adversary proceeding filed against him by MGG Investment Group, LP, for allegedly obtaining a $24-million loan by fraud and then not repaying it. MGG wants that debt ruled as non-dischargeable.

Zayat's bankruptcy case has repeatedly been slowed by allegations from the trustee assigned to the case that Zayat and his family members have been uncooperative and obstructive as the trustee tries to trace millions of dollars in possibly fraudulent transfers.

Lubetkin wrote in his court filing that at the outset of their legal relationship, Zayat promised to pay what he owed in legal fees based on 60-day receivable terms. He later agreed to make at least $50,000 monthly minimum payments.

At the time of his initial bankruptcy filing in September 2020, Zayat told the court he had only $314.22 to his name.

Lubetkin wrote that Zayat has not paid his firm since May 5, 2021.

“If the Debtor were to satisfy his previously expressed commitment to keep our receivables within 60-day terms, it would require an immediate payment of $232,899 and a further payment of $76,717 when the billing governing July's efforts is tendered,” Lubetkin wrote.

“I attempted at least nine times during the month of July to communicate with the Debtor regarding status of payments to our firm, without substantive or satisfactory response by the Debtor,” Lubetkin wrote.

As for who might next represent Zayat, Lubetkin wrote in his filing that Zayat himself “fully understands the Chapter 7 bankruptcy process” and “is fully capable of representing himself.”

Lubetkin wrapped up his motion for withdrawal by noting that when he finally did manage to reach Zayat July 21, it seems as if Zayat tried to tell him he was fired before Lubetkin could quit.

“[W]hile not knowing what the Debtor's intentions were at the time of the communication,” Lubetkin wrote, “the Debtor requested that I write to the Court to advise my firm was 'no longer defending” the Debtor, which may be interpreted as the Debtor terminating his relationship with our firm.”

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