Gaming
Latty successfully handled the first high-yield debt financing made possible by newly enacted regulations of the California Gambling Control Commission, representing Banc of America Securities in an offering of $150 million of senior notes by the Chumash Casino and Resort Enterprise. He also represented developer Upstream Point Molate LLC in a planned $500 million project to convert a San Francisco Bay naval base at Point Molate into an urban Indian gaming facility. The U.S. Central District Court appointed him receiver in a class action involving 2,300 claimants in a Ponzi scheme against Best Diamond Funding Corp. and affiliates that alleges mailing and securities fraud and RICO violations. Latty also represented Ameristar Casino Inc. in its approximately $2.5 billion hostile takeover for Aztar Corp.
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