07/26/2007 12:00AM

Reddam, Ramsey settle over sale


J. Paul Reddam and Kenneth Ramsey have reached a settlement in a lawsuit in which Reddam alleged that Ramsey and his trainer conspired to conceal injuries to a horse that was the subject of a 2005 sale, according to Reddam's attorney.

The settlement was reached on Sunday night, according to Dan Baren, who represents Reddam, one day before a jury trial to hear the lawsuit was scheduled to begin. Baren declined to provide details of the settlement, but said that the horse that was the subject of the lawsuit, Big Picture, is still owned by Reddam.

"It was an amicable settlement," Baren said.

Michael Meuser, the attorney for Ramsey, did not return a phone call on Thursday.

Reddam filed the lawsuit late in 2005, claiming that a horse was administered painkillers before a veterinary examination by Reddam's representative on July 10 of that year. The lawsuit alleged that Reddam's veterinary representative would have detected lameness in the horse if the painkillers had not been administered. Following the inspection, Reddam purchased the horse for $600,000.

The lawsuit was seeking the purchase price plus punitive damages.