Judge closes bankruptcy case of Jockeys’ Guild, ending 2 years of court supervision

By AP
Thursday, July 2, 2009

Judge closes Jockeys’ Guild bankruptcy case

LOUISVILLE, Ky. — A federal bankruptcy judge has closed the case of the Jockeys’ Guild, ending the long-running court supervision of the riders’ trade association.

U.S. Bankruptcy Judge David Stosberg signed the order this week to end the two-year process. The guild had previously settled a legal fight with its former director and came up with a plan to pay debts related to its health insurance plan.

In December, Stosberg approved a plan that would allow the Guild to emerge from bankruptcy.

As part of the plan, the Guild had told jockeys it was not economically feasible to continue providing health insurance. The Guild will still provide disability and life insurance, and continue to lobby for jockeys on health and safety issues.

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