Churchill Downs settles dispute with horsemen's group

Churchill Downs Inc. has settled a dispute with the Thoroughbred Horsemen's Group, Robert A. Reeves, Frank Petramalo Jr., and Wilson Shirley.

U.S. District Judge John G. Heyburn II approved a consent judgment on Monday that limits the Thoroughbred Horsemen's Group's ability to advise horsemen involved in negotiations over simulcasting signals.

In 2008, Churchill accused the defendants of conspiring to fix prices and orchestrate a boycott to leverage a bigger share of advance deposit wagering revenue for horse trainers and owners.

The defendants have denied that. Under the consent judgment, the defendants can still represent their individual states but can't be involved in other groups' negotiations without facing $250,000 in damages.