Mohegan Sun Drops Lawsuit Against Jerome Powers

In a surprising move, the Mohegan Sun casino has withdrawn its lawsuit against Jerome Powers, a Florida millionaire accused of owing the casino more than $1.2 million. The casino did not comment on the reason for withdrawing the suit, saying only that “the matter is settled.”

The case dates back to May 2009, when Powers took out a $1.2 million loan from the Connecticut casino. The high-rolling blackjack player lost the money and wrote six checks to the casino to repay the loan. Before the casino could accept the money, though, payment on the first check was stopped. The other five were returned because the account was closed.

In November 2009, the Mohegan Sun casino sued Powers. They later won the case, with the court ordering Powers to repay the debt. Powers then appealed to a Connecticut appellate court, saying that he should not have to pay because the state has no jurisdiction over contracts made in a tribal casino. He also argued that the contract was illegal. The appellate court rejected his arguments and upheld the lower court’s ruling.

It seemed that the casino had the case in the bag, but now they have suddenly dropped the lawsuit. Last month, Powers also settled a dispute with the Trump Taj Mahal casino, where he allegedly failed to pay a $1 million debt, and a breach of contract dispute with the Bellagio casino. Jerome Powers is the co-chairman and CEO of Plum TV, owner of the magazine Plum Miami and founder of Ocean Drive magazine.

Tags: , ,

Comments are closed.