Suit Against Belmont Park Directors, Daily Racing Form, 1910-08-09


view raw text

SUIT AGAINST BELMONT PARK DIRECTORS. Saratoga. K. Y., August 8. — George Whcelock* Edward Burke. Charles Henry and other members of the Metropolitan Turf Association are reported to be behind a suit brought iu tiie name of minority stockholders of Hie Westchester Baring Assoeia t log to compel the majority stockholders of Ihe organization to announce a fall meeting at Belmont Park. It seems that the directors of the Beliuonl Park track annulled the fall racing meeting without Asking the consent of the minority stockholders. These minor shareholders claim that the action of the majority has deprived them of the means by which Interest on their stock can be [.aid. They will ask the courts to farce the majority shareholders of the track to re-open the gates so that opportunity to earn dividends on the stock may he obtained. The dir •■ctors of the Belmont Park track have instructed Joseph S. Auerbaeh. attorney for the Jockey Club. 0 prepare a defense. They will contend that they were forced, meet against their will or inclination, to order the gates of the track closed and tnrth-r racing meetings abandoned, because under the new laws they would be held liable if some person, te them unknown or without their sanction, violated one of the new statutes prohibiting gambling ou tbe tracks.

Persistent Link:
Local Identifier: drf1910080901_1_8
Library of Congress Record: