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Nooksack Tribe enters settlement with banks on casino loans

Filed Under: Business Deals | Litigation
More on: nooksack, washington
   
The Nooksack Tribe of Washington has reached a settlement over $39 million in casino loans, The Bellingham Herald reports.

The tribe owes the money to various banks but claimed the loan agreements weren't enforceable because they hadn't been approved by the National Indian Gaming Commission. The tribe also raised a sovereign immunity defense.

Terms of the settlement haven't been reported.

Get the Story:
Nooksack tribe, banks settle casino loan dispute (The Bellingham Herald 10/26)

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