American Pharoah owner Ahmed Zayat was relieved to have a lawsuit over gambling debts dismissed in federal court.
American Pharoah will run for horse race’s first Triple Crown in 37 years on Saturday, and their owner will have the ability to take pleasure from it without the anxiety about a major lawsuit hanging over the procedures.
A federal judge dismissed a $1.65 million gambling lawsuit against Ahmed Zayat, the one that accused him of having run up those debts by betting on sports with an casino that is offshore.
Zayat said that the lawsuit, brought by Howard Rubinsky, was ‘a fraud.’
‘It’s total fiction,’ Zayat said. ‘It’s a lie that is total. It is a full situation of blackmail with a criminal.’
Statute of Limitations Exceeded
Those comments landed Zayat with a libel suit at the top regarding the gambling claim. But it appears as if Zayat was ultimately vindicated.
According to US District Judge William J. Martini, Rubinsky’s claim dated back to 2005, as he first hired an attorney and investigator in an effort to recover the debt. That implied that the lawsuit dropped outside of the six-year statute of limitations for the situation in New Jersey.
Rubinsky had hoped that Martini would rule that the situation had originated in 2008, when Rubinsky said he had received texts from Zayat promising to settle the amount of money he owed.
Nonetheless, Martini ruled that it had been clear in those texts that Zayat was say Read more
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