In Re: ClassicStar Mare Lease Litigation MDL No. 1877

  1. July 25, 2011

    Horse Breeder Trustee Settles Fraud Claims For $27M

    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.

  2. July 14, 2011

    Securities Law Blocks Mare Breeding Suit: Bank

    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.

  3. July 06, 2011

    Horse Breeder Trustee Settles With Ex-Parent Co. For $2M

    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.