MEMORANDUM OPINION
FORESTER, District Judge.
I. INTRODUCTION
Plaintiff, Keeneland Association, Inc. ("Keeneland), initiated this action in Fayette Circuit Court to enforce the terms of a purchase and security agreement concerning the auction sale of a 1991 thoroughbred weanling filly by ALYDAR out of CARELESS NOTION ("the Filly") on November 3, 1991, at the Keeneland November Breeding Stock Sale ("the Sale"), wherein the Defendant/Third-Party Plaintiff...
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