10/03/2006 11:00PM

Judge declines to block ClassicStar dispersal

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A lawsuit against ClassicStar, the Kentucky-based firm that offered mare-lease partnerships, does not appear likely to disrupt the company's plans to disperse broodmares at Fasig-Tipton Kentucky, at least for now.

At a hearing in Lexington, Ky., on Tuesday, U.S. District Court judge Joe Hood declined to issue an immediate injunction against the sale of ClassicStar bloodstock, including 73 broodmares cataloged to Fasig-Tipton's November select breeding stock auction in Lexington. But he indicated he might issue an injunction if ClassicStar and its former principal, David Plummer, do not provide certain documents, including financial documents sought by the plaintiffs, by Oct. 23.

Four groups of investors have sued ClassicStar, alleging that they and other participants were defrauded out of more than $500 million.