Wells Fargo Bank v. Sokaogon Chippewa Community (Mole Lake Chippewa) — Another Case re: Tribal Business Operations and Receivership

Here are the materials in Wells Fargo Bank v. Sokaogon Chippewa Community (E.D. Wis.):

A few excerpts from the opinion:

Wells Fargo Bank, N.A., acting as Trustee for the holders of over $19 million in bonds
issued pursuant to a Trust Indenture between Wells Fargo and the Sokaogon Chippewa Community
(Mole Lake Band of Lake Superior Chippewa Indians) (hereinafter “the Tribe”), brought this action
for declaratory and other relief against the Tribe and Sokaogon Gaming Enterprise Corporation
(“Sokaogon Gaming”), a wholly owned tribal entity that guaranteed the transaction. The case is
before the Court on the Rule 12(b) motion of the defendants to dismiss for lack of subject matter
and personal jurisdiction, and failure to state a claim. For the reasons set forth below, the motion
will be denied.

Thanks to K.S. for the head’s up.

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