Tropicana Debtors Blame Ruin On Ex-CEO

Law360, New York (February 18, 2010, 2:07 PM EST) -- The legion of debtors bundled into the Tropicana Entertainment LLC bankruptcy has filed an adversary suit against beleaguered hotel and casino kingpin William J. Yung III, claiming the former CEO's gross mismanagement drove the casino empire into the ground.

The complaint, lodged Wednesday in the U.S. Bankruptcy Court for the District of Delaware, alleges Yung and his management group — including Tropicana Casino and Resorts Inc. and Columbia Sussex Corp. — caused the collapse of the casino empire, recklessly pursuing policies that led regulators to revoke...
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