Lawsuit says Chukchansi council squabble causing ‘irreparable harm’

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webmaster | 06/20/13
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The Picayune Rancheria of the Chukchansi Indians has yet another lawsuit to deal with, but this time it’s outside financial parties coming to call.

Earlier this week, Wells Fargo Bank of North America — as the trustee for holders of around $250 million in bonds used to build the tribe’s casino — filed a legal complaint in New York State Supreme Court.

In it, Wells Fargo alleges “numerous current and ongoing breaches” of contract by several defendants “related to a dispute that has erupted” within the Chukchansi Economic Development Authority (CEDA).

The complaint describes the tribe and casino’s improper cash handling procedures, issuance of bad checks to casino employees, “debilitating disruption with the casino’s vendors” such as ATM companies, and CEDA’s failure to make a nearly $12-million bond interest payment among its many allegations...

 

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