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Article: Federal Court Rejects Harrah's Operating Company, Inc.'s Motion to Dismiss $3 Billion Tribal Court Judgment Enforcement Action.
- Article from:
- Business Wire
- Article date:
- December 5, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WILMINGTON, Del. -- The Catskill Litigation Trust announced today that on December 4, 2007, the United States District Court for the Northern District of New York denied a motion by Harrah's Operating Company, Inc. ("Harrah's", a subsidiary of Harrah's Entertainment, Inc., NYSE: HET) to dismiss a judgment enforcement action commenced by the Catskill Litigation Trust against Harrah's in June 2007. The action seeks to collect approximately $3 Billion under class action judgments of the St. Regis Mohawk Tribal Court issued in March 2001 for $1.787 billion against Harrah's predecessor, Caesars Entertainment Corporation, and in July 2007 against Harrah's for accrued interest ...