Published:
March 8, 2012 04:13 pm EST
Prospective racino and convention centre developer Louis Cappelli has been quoted as saying that he will not stand to be a "punching bag" anymore, and he is putting his money where his mouth is
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The Times Herald-Record has reported that Cappelli yesterday filed a $1.5-billion lawsuit against Empire Resorts and Entertainment Properties Trust.
Cappelli is stating that Empire and EPT broke anti-trust laws when the two companies allegedly conspired to prevent his $600-million plan from becoming reality.
The article has quoted EPT Vice-President and Associate General Counsel Robert Drumm as saying, “We’ve looked at the lawsuit and we don’t believe it has any merit.”
(With files from the Times Herald-Record)
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