Cohen v. North Ridge Farms, Inc.

MEMORANDUM OPINION

WILHOIT, District Judge.

I.INTRODUCTION

Plaintiff brings this action, pursuant to Title 28 U.S.C. § 1332, seeking to rescind the sale of a yearling bay colt by IN REALITY out of LADY B. GAY (identifed as Hip No. 151), which he purchased on July 18, 1988, at the 1988 Keeneland Select Summer Yearling Sale. This yearling was owned by defendant North Ridge Farms, Inc. (“North Ridge”), and was consigned to defendant Keeneland Association, Inc. (“Keeneland”), for the purpose of being sold at this auction. Plaintiff purchased this yearling at the auction for $575,000.00.

Plaintiffs…