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August 27, 2014

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the courts:

Trial set in dispute over Wayne Newton estate

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Christopher DeVargas

Wayne Newton speaks to reporters after a court hearing on Thursday, May 31, 2012.

Wayne Newton in Court

Wayne Newton speaks to reporters after a court hearing on Thursday, May 31, 2012. Launch slideshow »
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This is an aerial view of Wayne Newton's Casa de Shenandoah estate Monday, May 21, 2012.

A three-week jury trial has been scheduled for May in Las Vegas entertainer Wayne Newton’s legal battle with his business partners over a museum and tourist attraction at his Casa de Shenandoah home.

Court documents indicate the jury trial will be held starting May 20 before Clark County District Judge Elizabeth Gonzalez.

Gonzalez held a telephone conference Wednesday afternoon with the parties concerning pretrial matters.

Newton has been embroiled in a battle with his partners for about year.

In 2010, Newton, his wife, Kathleen McCrone Newton and his mother-in-law, Marilyn McCrone, formed a management company, CSD LLC, with Texas bankers Dorothy and

Lacy Harber, and the property manager, Steven Kennedy.

The company was created to turn the 39.5-acre Casa de Shenandoah estate at 6629 South Pecos Road into a museum and tourist attraction to honor Newton’s career.

Attractions were to include some of his herd of 51 Arabian horses, along with other animals and his vintage cars. The mansion was to be turned into a museum.

The Harbers paid $19.5 million for the property and allotted the Newtons $2 million to build a new residence on the property. The Newtons claim the Harbers agreed to spend whatever was needed to fund the project.

Since then, the Harbers said they have spent more than $50 million on the project and don’t agree they are required to keep spending more on it.

The partners say they already have spent too much money on the project and want out.

The Newtons say the partners are trying to squeeze them out of their 20 percent interest in the project.

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  1. Wayne keeps having financial problems, and investment problems, and partner / associates problems. How to explain to new riche that they NEED serious course advice in how to invest, oversea their money managers, pay their taxes, limit their legal tax liabilities without evasion..?