Developers Slam Trump Disclosure Statement

Law360, New York (September 3, 2009, 1:52 PM EDT) -- Developers embroiled in contract litigation with a subsidiary of bankrupt Trump Entertainment Resorts Inc. have hit out at the gaming giant's proposed disclosure statement, saying the current reorganization plan would improperly immunize directors and officers from facing that litigation.

The objection, filed Wednesday in the U.S. Bankruptcy Court for the District of New Jersey by Power Plant Entertainment LLC, The Cordish Co., Native American Development LLC and Joseph Weinberg, also attacked the proposed statement for not disclosing the litigation or providing any information on the impact...
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