ATLANTIC CITY, NJ—A federal judge on Wednesday put off a hearing on whether the ownership of Trump Taj Mahal should pursue liquidation of the casino property until Dec. 11.
The hearing was scheduled for today. The liquidation hearing is now scheduled a day before Trump Entertainment has affixed a closing date if Local 54 of UNITE HERE does not accept Carl Icahn's offer, according to the Press of Atlantic City. Icahn, who holds the majority of Taj Mahal debt, says he will make a significant investment in the Taj Mahal if he secures union concessions as well as aid from the city and the state of New Jersey.
Icahn has offered some pension givebacks to Local 54 of UNITE HERE in exchange for the union dropping its court appeal over worker benefits. See story in the Press of Atlantic City.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
