Tropicana Lenders Object To Trademark Action

Law360, New York (August 10, 2009, 5:15 PM EDT) -- A fight has erupted between Tropicana Las Vegas Inc. and a group of lenders regarding the casino's bid to file suit over the rights to a trademark used to secure loans during Tropicana Las Vegas' bankruptcy case.

The steering committee of senior secured lenders filed an objection Friday in the U.S. Bankruptcy Court for the District of Delaware to a trademark action by Tropicana Las Vegas, which is seeking relief from the bankruptcy court's automatic stay to pursue claims against the so-called OpCo debtors and LandCo...
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