|

Clarification on recent Grace Foundation stories

The July 11 story about the Grace Foundation’s lawsuit stated that legal documents recently uncovered by foundation representatives indicate that bank attorney Tim Ryan’s advice served his bank clients at the expense of the foundation. The statement was made by foundation Director Beth DeCaprio. Village Life did not review all the court records specifically.
The July 18 follow-up story explained that Susanville ranch owner Dwight Bennett’s bankruptcy claim “prohibited the foundation from doing anything that diminished the value of the assets, including terminate potentially disastrous, and ultimately expensive pregnancies.” The statement was based on past Village Life stories on the Susanville horses, and also on allegations made in the lawsuit.

Ryan, however, stated, “As our firm advised The Grace Foundation both orally and in writing, Grace had to act as a ‘reasonable manager’ of the horses and if a horse needed to be ‘put down’ for necessity, then so long as that care decision was documented, such action could be taken, clearly terminating dangerous pregnancies was covered by this advice.”

Short URL: http://www.villagelife.com/?p=23335

This story falls on page "2"
Posted by on Jul 18 2012.
Last Login: Sun Aug 11 17:34:39 2013
Filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

1 Comment for “Clarification on recent Grace Foundation stories”


DAILYREPUBLIC.com does not necessarily condone the comments here, nor does it review every post. Read our full policy.

  1. Yes, acting as a reasonable manager is the alleged statement Ryan made to Grace, but when Grace took the horses she knew many could be in foal, and the issue is not whether foals caused expense. The issue is first the obtainment of animals not legally seized,and Ryan’s knowing conduct while he attempts to blame all other parties. WF Ryan has a trail of problems and Grace has helped create legal issues while she worked with Ryan as her attorney. The case is actually a land issue case which then was made “known” by Ryan and Grace turning it into an animal spectacle on purpose.You will notice Grace is not suing the County…why not? County didn’t pay Grace, banks did. That is a problem.

Leave a Reply

Recently Commented

  • Mr. Informed: The county DOT web site has traffic counts for the same location and the 2004 counts were 1408 for am...
  • Mr. Informed: The county DOT web site has traffic counts for the same location and the 2004 counts were 1408 for am...
  • Ann: I’m thrilled to have seen Alexis come so far! I met her during my employment with El Dorado County...
  • Don Van Dyke: Well, “Mr. Informed”, take a look at the DOT traffic counts. Green Valley Road Westbound at...
  • Scott Smith: I went to high school with Deborah – is there any update on her condition?