DEADWOOD, S.D. (08/30/19) – The Deadwood Mountain Grand and investors from the EB5 program finalized settlement on August 16, 2019, ending all litigation.
The settlement ushers in a new era of leadership for the Deadwood Mountain Grand Resort, as long-time member Dale Morris takes the helm as the managing member. Morris, a legend in the Nashville music industry and long-time investor in the Deadwood Mountain Grand, funded the settlement that brought the litigation to an end.
As a result of this funding, lead litigation attorneys Kasey Olivier and Scott Heidepriem, alongside numerous South Dakota attorneys, Nashville attorney Robert Holland, and opposing attorney Haven Stuck resolved the $32.5 million outstanding debt plus interest, creating a very positive future for the Deadwood Mountain Grand.
“Mr. Morris has shown an extraordinary commitment to the employees of the Deadwood Mountain Grand as well as to the City of Deadwood and the entire Black Hills region,” states lead attorney Kasey Olivier of Olivier Miles Holtz.
With the cloud of litigation lifted, Mr. Morris looks forward to implementing new opportunities that will benefit the employees and patrons of the Deadwood Mountain Grand.
“Deadwood Mountain Grand has made an undeniably positive economic impact to Deadwood and the region and are an asset to the community,” said Deadwood Chamber & Visitors Bureau Director Lee Harstad. “They host more than 40 shows annually, plus bring in a number of groups throughout the year, all impacting the bottom line of businesses throughout town and the city alike. We’re grateful for Dale Morris stepping in and leading Deadwood Mountain Grand’s charge in to the future.”