Majestic Star Beats Challenge To Lowered Tax Assessment

Law360, Wilmington (December 11, 2013, 6:02 PM EST) -- A Delaware federal judge on Tuesday dismissed the appeal of an Indiana county seeking to reverse a decision that lowered tax assessments on a pair of Majestic Star Casino LLC properties by more than $100 million, finding that the bankruptcy court committed no errors in doing so.

Lake County's tax assessor had challenged a 2011 ruling that reduced the combined assessment on two Majestic Star riverboat casinos from approximately $110 million to less than $10 million, but U.S. District Judge Leonard P. Stark rejected the argument...
To view the full article, register now.