Courts / Kildare / Report
Goffs auctioneers launch action over alleged sale of racehorse
Summary
In a High Court action, Goffs Bloodstock Sales Ltd has sued trainer Eugene McDermott and his wife Ashley Scanlon, alleging that the racehorse "Investmentsuccess" was transferred by McDermott to Scanlon without Goffs' consent and subsequently sold. The sale, reportedly for €178,000, was deposited into Scanlon's Ulster Bank account. Goffs claims the transfer breached a 2012 chattel mortgage agreement that required notice of any sale and payment of proceeds within seven days. A temporary injunction was granted by Mr Justice Brian McGovern, preventing Scanlon from accessing the funds. The case stems from earlier litigation in 2011–2012 where Goffs sought repayment of money owed by McDermott, resulting in a €282,000 judgment and subsequent mortgage agreements for nine horses. Goffs now seeks to enforce the mortgage terms and recover the proceeds of the disputed sale.
Who, what, where, when and why
What: Report matter: Goffs auctioneers launch action over alleged sale of racehorse. Procedural stage: hearing_or_decision
When:
- 2014-06-04 Publication
Places mentioned
- High Court
Topics
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