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Jackson & Headley Out-Of-Court Settlement

Tuesday, 13th March 2007

Stonestreet Stables owner Jess Jackson & trainer Bruce Headley "have reached a settlement in Jackson's fraud lawsuit against his former trainer & advisors," reported thoroughbredtimes.com. Jackson's attorney Richard Getty announced Headley agreed to pay Jackson US$900,000 & declared: "Bruce Headley agreed to pay an amount which represents disgorgement of every cent he inappropriately received! Mr Jackson set out to get his money back from Mr Headley & he did just that." Getty added Headley has "agreed to testify on behalf of Jackson", who is suing Narvick International president Emmanuel de Seroux & bloodstock agents Brad Martin & Fernando Diaz-Valdez (accusing them of "receiving secret payments from sellers while advising Jackson to purchase horses at inflated prices". Diaz-Valdez "was involved in a number of Jackson's private bloodstock purchases in Argentina & Chile; De Seroux & Martin served as Jackson's bloodstock agents & advisors from 2003-05". The case has a June trial date.

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