Judge Nixes Contract Claims Over $80M Casino Sale

Law360, New York (December 13, 2011, 6:49 PM EST) -- A California federal judge on Friday dismissed a minority owner's counterclaims in a suit over the sale of a Mississippi casino, rejecting assertions that the plaintiffs violated a written agreement by attempting to sell the casino for less than $80 million.

U.S. District Judge John E. McDermott granted the plaintiffs' motion for summary judgment, saying that a purported agreement requiring the casino's partner owners to sell the property for no less than $80 million was irrelevant because the defendants themselves valued the property at $70.5 million...
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