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Seneca Gaming wins $3.6 million settlement14 June 2007NEW YORK -- As reported by the Buffalo News: "Seneca Gaming Corp. will get $3.6 million to settle its dispute with the Connecticut company that managed the construction of its Niagara Falls hotel and casino complex. "Seneca agreed to the settlement with Klewin Building Co. and an affiliated business, as well as TD Banknorth, ending a nearly two-year dispute that erupted in August 2005 when Seneca fired Klewin, charging that it failed to pay subcontractors with more than $14.5 million that had been set aside for that purpose. "Klewin fired back a month later, suing Seneca and charging that the gaming company mounted a campaign to steal business and destroy its credit. "The settlement, which was reached a month after all three parties were scheduled to begin an arbitration proceeding over the dispute, gives Seneca about a quarter of the $14.6 million that the agreement says Seneca is entitled to receive from Klewin..." |