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$120 Million Lawsuit Filed Against Station Casino13 September 2000KANSAS CITY, MISSOURI – Sept. 13, 2000— As reported by The Associated Press: "Station Casinos Inc. called a $120 million lawsuit filed by its business partners a `nuisance' and promised to defend itself against the allegations. "The lawsuit was filed last week in Jackson County Circuit Court by partners that co-own Station Casino Kansas City's 170-acre land parcel. It was prompted in part by the Missouri Gaming Commission's decision last month to strip the Las Vegas-based firm of its state casino license. "The partners, all Mississippi or Nevada businesses, also alleged that Station, as managing partner of their joint land venture, entered into a `secret lease' that subleased part of that land to a day-care center for employees' children for $1 a year for at least 20 years. "…In the lawsuit, the plaintiffs alleged that Station's controversy with the Gaming Commission, along with the other allegations, amounted to breach of contract and breach of fiduciary duty, and they seek to dissolve the partnership. They claim $20 million in actual damages and seek $100 million in punitive damages…" |