ATLANTIC CITY, NJ—A federal judge on Wednesday put off a hearingon whether the ownership of Trump Taj Mahal shouldpursue liquidation of the casino property until Dec. 11.

|

The hearing was scheduled for today. The liquidation hearing isnow scheduled a day before Trump Entertainment hasaffixed a closing date if Local 54 of UNITE HEREdoes not accept Carl Icahn's offer, according tothe Press of Atlantic City. Icahn, who holds the majority of TajMahal debt, says he will make a significant investment in the TajMahal if he secures union concessions as well as aid from the cityand the state of New Jersey.

|

Icahn has offered some pension givebacks to Local 54 of UNITEHERE in exchange for the union dropping its court appeal overworker benefits. See story in the Press of Atlantic City.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.