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Lake of the Torches Burns On.


August 17, 2012 3:01 PM | Posted by Masse, Chris and Molatore, Clifton | Print this page

Asserting a series of state law claims, on July 31, 2012, Wells Fargo filed a complaint against the Cabazon Band of Mission Indians and the East Valley Tourist Development Authority in the Superior Court for the State of California in the County of Riverside.

Wells Fargo seeks to recover more than $41 million from the Tribe arising out of a 2006 bond indenture and 2010 restructuring. The very next day after the complaint was filed; defendants removed Wells Fargo's action to the United States District Court for the Central District of California, invoking IGRA and the Department of Interior's exclusive jurisdiction over tribal revenue allocation plans and citing to Wells Fargo's prior cases with Lake of the Torches and Sokagon Chippewa.

Wells Fargo will have until the end of the month to decide whether to file a motion to remand back to state court.

Turtle Talk, the well-respected blog for the Indigenous Law and Policy Center at Michigan State University College of Law, covered this case in a post today which includes links to the very lengthy Cabazon Notice of Removal document.

See Clifton Molatore's post, Seventh Circuit Holds Lake of the Torches Bond Indenture is Void, from last fall.

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