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  • Petionville sire of Somoville 1st Mdn (Feb 09, 3rd DED). Owner, Sam Guarino; Breeder, Ackel Thoroughbred Farm...
  • Badge of Silver sire of Zero Yield 1st Mdn (Feb 09, 2nd AQU). Owner, Klaravich Stables, Inc. and Lawrence, William H.; Breeder, John Castro...
  • Street Cry (Ire) sire of Birdway 1st Mdn (Feb 09, 4th GP). Owner, Marylou Whitney Stables; Breeder, Marylou Whitney Stables LLC...
  • Bop sire of Page's Promise 1st Alw (Feb 09, 8th CT). Owner, Oak Hill Farm; Breeder, Laurie A Barber & Duane A Barber...
  • Kela sire of Goodnessgraciousme 1st Alw (Feb 09, 5th OP). Owner, Margaux Farm LLC; Breeder, Margaux Farm LLC & Kela Partners...
  • Discreet Cat sire of Panthro 1st Alw (Feb 09, 7th AQU). Owner, Piser, Donald H. and Hough, Stanley M.; Breeder, Empire Equines, LLC...
  • Domestic Dispute sire of Angie Girl 1st Mdn (Feb 09, 2nd CT). Owner, D A S L Stable; Breeder, Bowman & Higgins Stable...
  • Giant's Causeway sire of Fed Biz 1st Alw (Feb 09, 2nd SA). Owner, Kaleem Shah Inc.; Breeder, Colts Neck Stables LLC...
  • Mobil sire of Oilton 1st Alw (Feb 09, 4th LRL). Owner, Richard P. Butts, Jr.; Breeder, Bernard & Karen McCormack...
  • Albert the Great sire of Reign of Kings 1st Alw (Feb 09, 8th TAM). Owner, Derek S. Ryan; Breeder, Thomas J. Young...
  • Street Sense sire of Afford 1st Alw (Feb 09, 7th FG). Owner, Jim Tafel LLC; Breeder, James Tafel...
  • Stormy Atlantic sire of Battle Harbour 1st Mdn (Feb 09, 1st CT). Owner, Brown, Jr., Donald L. and Beattie, Stephanie S.; Breeder, Garland E. Williamson...
  • Yes It's True sire of Coco Rose 1st Mdn (Feb 09, 7th TAM). Owner, Thomas M. Clark; Breeder, Thomas Clark Bloodstock LLC...
  • Sorcerer's Stone sire of Miss Stone Express 1st Alw (Feb 08, 9th DED). Owner, Whispering Oaks Farm LLC (Castille); Breeder, Carrol J. Castille...

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Calumet owner de Kwiatkowski asks for new Bear Stearns hearing

Posted: Tuesday, October 08, 2002

Henryk de Kwiatkowski, owner of Calumet Farm near Lexington who had his landmark verdict against Bear Stearns Cos. overturned last month, has requested a new hearing from a federal appeals court.

Attorneys for de Kwiatkowski claim that a three-judge appellate panel erred in tossing out a verdict that awarded the longtime owner and breeder $164.5-million in damages in May 2000.

The Dow Jones News Service reports that attorneys said the panel "overlooked evidence that [Bear Stearns] undertook to provide de Kwiatkowski with continuous advice, which was rendered in exchange for substantially heightened fees."

The original ruling stated that Bear Stearns was negligent when it made unauthorized trades in de Kwiatskowski's futures account. Bear Stearns was ordered to pay $111.5-million; when prejudgment interest was included, the amount increased to $164.5-million.

The verdict was overturned on September 19 by the United States Court of Appeals for the 2nd Circuit, which said there was insufficient evidence to support findings that Bear Stearns was negligent.

Whether the appeals court accepts or rejects the latest appeal could be decided in the next few weeks.

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