Judge Freezes $600M Suit Against Indy Downs CEO

Law360, Wilmington (May 17, 2011, 7:38 PM EDT) -- A Delaware bankruptcy judge on Tuesday stayed a $600 million defamation suit lodged by real estate developer Cordish Co. in federal court against the CEO of bankrupt casino operator Indianapolis Downs LLC.

The lawsuit, originally filed in Maryland state court and then removed to federal court, alleges that Indianapolis Downs reneged on a management contract with a Cordish affiliate for the debtors’ Indiana Live casino and then, when Cordish pursued $8 million in claims against the debtors, conspired with other gaming operators to tarnish the developer’s...
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