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Hollywood Begins Plan For Settling Civil Lawsuits

26 January 2005

SHREVEPORT, Louisiana -- As reported by the Shreveport Times: "Hollywood Casino lawyers on Monday said they will start trying to settle about 175 civil lawsuits for no more than $25,000 each, a plan which drew skepticism from one Shreveport lawyer.

"The financially troubled casino, going through Chapter 11 bankruptcy as part of its sale to Eldorado Resorts LLC of Reno, Nev., estimated the claims will cost between $500,000 and $1 million. The casino had originally set a $50,000 limit for settlements, but lowered it at the request of some bondholders.

"The lawsuit plan gives the casino 30 days to contact each claimant and make an offer for a settlement. If the parties can't negotiate a settlement, they can go through mediation. If mediation doesn't work, they can take the case to trial.

"…In December, Judge Stephen V. Callaway had ordered Hollywood lawyers to write a plan to deal with lawsuits that have been pending, some for as long as two years…"

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