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Gambling Lawsuit Dismissed Against American Pharoah Owner

American Pharoah owner Ahmed Zayat was relieved to own 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 his owner will have a way to savor it minus the fear of 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 recreations through an offshore casino.

Zayat said that the lawsuit, brought by Howard Rubinsky, had been ‘a fraudulence.’

‘It’s total fiction,’ Zayat said. ‘It’s a total lie. It is really a case of blackmail with a criminal.’

Statute of Limitations Exceeded

Those comments landed Zayat with a libel suit on top regarding the gambling claim. But it seems as if Zayat was ultimately vindicated.

According to United States District Judge William J. Martini, Rubinsky’s claim dated back in to 2005, when he first hired an investigator and attorney in an endeavor to recover the financial obligation. That designed that the lawsuit dropped outside of the statute that is six-year of for the instance in nj-new jersey.

Rubinsky had hoped that Martini would rule that the full instance had originated in 2008, when Rubinsky stated he’d received texting from Zayat promising to settle the amount of money he owed.

Nonetheless, Martini ruled that it absolutely was clear in those text messages tha Continue reading