Pretty incredible case. Wells Fargo, alleging financial improprieties by the EDC relating to an indentured trust, sought an order from the court appointing a receiver for the EDC. The EDC defended on grounds of sovereign immunity and that the trust had not been approved by the NIGC, apparently prevailing on the latter theory.
Here are the materials (the court has promised a written opinion “in due course”):
Wells Fargo Motion to Appoint Receiver
LDF Opposition to Motion to Appoint Receiver
Wells Fargo Reply re Motion to Appoint Receiver
Wells Fargo Supplemental Brief re Motion to Appoint Receiver
This is really bad