High Stakes—As American Pharoah tries to pull away from the competition June 6 to become the first Triple Crown winner in nearly 40 years, the thoroughbred’s owner will be trying to distance himself from a $1.65 million breach-of-contract suit over a gambling debt.
Ahmed Zayat, a Teaneck resident and founder of Zayat Stables, is awaiting a ruling on his motion for summary judgment in the lawsuit, filed in the U.S. District Court for the District of New Jersey by Howard Rubinsky, who alleges Zayat has failed to reimburse him the entirety of the $2 million Rubinsky staked him at an offshore casino in 2003.
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