The Thoroughbred Retirement Foundation (TRF) announced on Tuesday November 19, 2013 that the case filed in May 2012 by New York Attorney General Eric Schneiderman against the TRF has been dismissed.
The complaint, which alleged herd neglect and abuse, was dismissed “with prejudice,” meaning that the allegations of the complaint can never be asserted against the TRF again. The TRF has agreed to the appointment of three independent directors and to a mechanism for the selection of a paid Executive Director who will report to the Chairman of the TRF and the TRF Board.
TRF’s Chairman and CEO, John Moore, stated: “Our herd – just under 1,000 horses – remains in fine condition as we head into winter, just as it has been throughout this entire ordeal. We are relieved to have behind us this nuisance suit that the NYAG should be embarrassed to have initiated. It has been costly, a serious distraction, and a waste of both the taxpayers’ money and the scarce time and attention of our small and dedicated staff.”
Moore concluded with a compliment to TRF counsel, Barry R. Ostrager, who currently serves as NYTB Board President: “We are fortunate and grateful that TRF was represented on a largely pro-bono basis by Barry R. Ostrager of Simpson Thacher & Bartlett. Ostrager added: “The lack of merit to the case is reflected by the terms of the settlement agreement.”
Founded in 1983, the Thoroughbred Retirement Foundation (TRF) is the largest equine rescue organization of its kind, devoted to the rescue, retirement, rehabilitation and retraining of Thoroughbred racehorses no longer able to compete on the racetrack.