Bankrupt Racino Owner Sues To Block $17M In IP Claims

Law360, New York (March 9, 2012, 10:37 PM EST) -- Bankrupt racetrack and casino operator Indianapolis Downs LLC launched an adversary proceeding Friday objecting to $17 million in claims filed by its former management company and a sister company's claims over trademarks.

Indianapolis Downs contends that Power Plant Entertainment Casino Resorts Indiana LLC has provided no support or analysis for $8.3 million of the claims, and is not entitled to the rest because the amounts stem from a time after which it terminated the parties' management agreement.

The racino owner also names fellow Cordish Co. subsidiary...
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