Barden,
Tribe Reach Settlement
As reported by the Crains
Detroit Business: "Detroit businessman
Don Barden and the Lac Vieux Desert Band of
Lake Superior Chippewa Indians reached a $33
million settlement Wednesday in a dispute over
a 2001 agreement.
"Under that deal, Barden was
to receive 50 percent of what the Indians might
win in court by challenging the Detroit casino
licensing process because he had assisted the
tribe in its lawsuit.
"Barden sued Lac Vieux in Wayne County
Circuit Court last July, charging that the tribe's
lawyers had notified him that they considered
the agreement to have expired and would make
no further payments.
"On Wednesday, Judge Gershwin Drain approved
a consent judgment giving Barden Development
Inc. an immediate payment of $7.2 million, a
payment of $5.75 million in April 2006, and
$1 million each year from April 2007 through
April 2027 plus an additional $250,000 in April
2027…"
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