NY Judge Shields $250M In Casino Bonds From Tribal Schism

Law360, New York (July 2, 2013, 5:52 PM EDT) -- Bondholders led by trustee Wells Fargo Bank NA won prohibitions from a New York state judge Tuesday that prevent two warring factions of an American Indian tribe from dragging its lucrative California casino — and $250 million in bonds — into their bitter leadership feud.

Judge Melvin L. Schweitzer said during a hearing in his downtown Manhattan courtroom that the two factions of the Chukchansi tribe can't interfere with the casino's operations, whose profits back the $250 million in bonds, by sending cease-and-desist letters to vendors,...
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