Nooksack Tribe enters settlement with banks on casino loans

Monday, October 29, 2012  

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)