Federal Court Dismisses Effort by Wells Fargo to Take Over LDF’s Lake of the Torches EDC

Pretty incredible case. Wells Fargo, alleging financial improprieties by the EDC relating to an indentured trust, sought an order from the court appointing a receiver for the EDC. The EDC defended on grounds of sovereign immunity and that the trust had not been approved by the NIGC, apparently prevailing on the latter theory.

Here are the materials (the court has promised a written opinion “in due course”):

Wells Fargo Motion to Appoint Receiver

LDF Opposition to Motion to Appoint Receiver

Wells Fargo Reply re Motion to Appoint Receiver

Wells Fargo Supplemental Brief re Motion to Appoint Receiver

LDF Supplemental Response

Washburn Affidavit

Order of Dismissal LDF

This entry was posted in Author: Matthew L.M. Fletcher, economic development, gaming, Research, sovereign immunity and tagged , , , , . Bookmark the permalink.

3 Responses to Federal Court Dismisses Effort by Wells Fargo to Take Over LDF’s Lake of the Torches EDC

  1. richard says:

    This is really bad

  2. Pingback: Top Ten Indian Law Stories of 2010 | Turtle Talk

  3. Pingback: Top Ten Indian Law Cases of 2010 on Turtle Talk | Turtle Talk

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s