Company still wants Trump name stripped from casinos

Company still wants Trump name stripped from casinos, By Reuben Kramer -
24th September 2014


Casinos Trump Entertainment Donald Trump Entertainment Business

The company that controls Trump trademarks is still pressing to have the eponymous real estate developer's name stripped from two Atlantic City casino-hotels.

Trump AC Casino Marks filed a motion Wednesday asking a bankruptcy judge to allow the company to continue litigating a state-court case over the Trump marks.

That case was put on hold when the casinos' parent company, Trump Entertainment Resorts, filed for Chapter 11 bankruptcy protection.

Donald Trump has only a marginal stake in the bankrupt company.

Bankruptcy petitions typically pause lawsuits and debt collection efforts against a debtor; that "automatic stay" is a core protection of the bankruptcy process in the United States.

Trump AC Casino Marks wants U.S. Bankruptcy Judge Kevin Gross to make an exception to the automatic stay, and on Wednesday asked him to consider that request at a hearing in Wilmington, Del. slated for Oct. 6.

The company says Trump Entertainment Resorts and its affiliates “continue to tarnish the goodwill associated with the Trump marks” by, for example, closing Trump Plaza Sept. 16.

The other Atlantic City casino bearing the Trump name, Trump Taj Mahal, could close in November, Trump Entertainment Resorts has warned.

(Press Of Atlantic City)