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Group files against Najavo casino funding

9 January 2008

WINDOW ROCK, Arizona -- As reported by Gallup Independent: "A group of former Navajo Nation leaders and grassroots members are moving forward with litigation to prevent the Nation from concluding a $100 million loan agreement with JP Morgan Chase to finance gaming.

"Jim Zion of Albuquerque, attorney for Ha'a'da'a Sidi, has been authorized to file suit in Window Rock District Court on behalf of the group, which had planned a news conference Monday morning in Chinle but later canceled the event after a major winter snowstorm blanketed the region.

"Zion is expected to file the suit in an attempt to block Navajo Nation Controller Mark Grant from negotiating and concluding the agreement with JP Morgan.

"...One of the issues raised by Ha'a'da'a Sidi and others is that the Nation's Permanent Trust Fund could be required as collateral on the loan..."

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