Guild Sues Gertmenian
Jockeys’ Guild officials opened the organization’s annual assembly this Monday with a “painful” accounting of the Guild’s state at the time president Wayne Gertmenian was fired:
In reality, the Guild was stripped of most of its assets. “In fact, on the day [Gertmenian and former vice president Albert Fiss] were fired, they emptied out the bank accounts and wrote themselves $100,000 checks,” said Broad. “We were nearly bankrupt.”
In an effort to recoup some of the losses, a plan to sue Gertmenian and the rest of the Guild’s former management team was also discussed on Monday. Although Guild attorney Barry Broad said the lawsuit was likely to be filed within the next month, one was actually filed in California early this week.
The Guild is searching for a new national manager, with an ad seeking applicants running in the print edition of the Daily Racing Form. “Impeccable integrity” is required.
