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Federal Recognition
Trump willing to drop Eastern Pequot suit for $500M

Real estate/casino mogul Donald Trump says he will drop his lawsuit against the Eastern Pequot Tribal Nation of Connecticut for $500 million.

A faction of the tribe was working with Trump on a development deal. But when the factions were recognized as one group, tribal leaders went with another investor. They say they aren't interested in any settlement with The Donald.

Trump said his Trump Hotel & Casino Resorts Development LLC subsidiary invested $10 million in the faction. Bankruptcy records show the company has $0 in assets, The New London Day reported. The company has $1.8 billion in debt.

Get the Story:
Trump Willing To Drop Lawsuit Against Easterns For $500 Million (The New London Day 12/3)
Trump wants $500 million to drop lawsuit against tribe (AP 12/3)

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Trump spent $10M on Pequot recognition bid (05/29)
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