still wants Trump name stripped from casinos, By Reuben
24th September 2014
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.
case was put on hold when the casinos' parent company,
Trump Entertainment Resorts, filed for Chapter 11
Trump has only a marginal stake in the bankrupt company.
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.
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.
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.
other Atlantic City casino bearing the Trump name,
Trump Taj Mahal, could close in November, Trump Entertainment
Resorts has warned.
Of Atlantic City)