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.”
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Posted by Mike Roberts
on Jul 18 2012.
Wed Mar 4 14:08:57 2015
Filed under News
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