LAS VEGAS (AP) -- Republican congressional candidate Danny Tarkanian is downplaying legal moves by the Federal Deposit Insurance Corp. to begin seizing his Nevada assets.
A federal judge in California signed a $17 million judgment in May against Tarkanian and his family, seeking repayment of a real estate loan Tarkanian and others guaranteed for a developer.
Political reporter Jon Ralston this week reported that lawyers for the FDIC argue that Tarkanian's lawyers missed an Oct. 8 deadline to file an opposition to the seizure, resulting in a default.
Tarkanian tells the Las Vegas Sun his lawyer missed the deadline when his father died. He calls the latest legal development a "procedural matter" and "non-story," saying the case is being appealed.
Tarkanian is running for Nevada's new 4th Congressional District seat.
Information from: Las Vegas Sun, http://www.lasvegassun.com