3rd Circ. Revives Fee Claim In Failed Philly Casino Ch. 11

Law360, Philadelphia (January 11, 2018, 6:58 PM EST) -- The Third Circuit on Thursday revived a bid from the bankrupt developer of a failed Foxwoods casino project in Philadelphia to recoup a $50 million licensing fee paid to the state more than a decade ago.

A three-judge panel agreed that a bankruptcy court had improperly misconstrued fraudulent transfer claims leveled by a trustee for Philadelphia Entertainment & Development Partners LP as an end-run on rulings out of state court that affirmed the Pennsylvania Gaming Control Board’s decision to revoke the project’s license.

“The trustee’s fraudulent...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.