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Cary Katz, a Las Vegas billionaire and one of the state’s largest Republican political donors, has sued an arm of Conservative Review over a $20 million loan.
Katz filed the lawsuit against CRTV LLC on April 20 in District Court.
According to the complaint, CRTV borrowed more than $20 million from Katz, an owner of the media company, during the past year and a half.
Katz is most widely known for playing in some of the world’s richest poker tournaments.
The lawsuit alleges that CRTV, through manager Elizabeth Wood, agreed in July to repay a principal sum of $10 million, along with 5 percent annual interest. It claims Wood executed a second promissory note in January with the same terms.