Casino Creditors Attack Claim From Donald Trump

Law360, New York (August 27, 2009, 3:10 PM EDT) -- Secured creditors in Trump Entertainment Resorts Inc.'s ongoing Chapter 11 case have issued a fiery objection to former chairman Donald Trump's claims that mismanagement of the casino cost him at least $100 million, calling them “an exercise in hyperbole” and “bald fabrication.”

The ad hoc creditors committee filed its objection Wednesday in the U.S. Bankruptcy Court for the District of New Jersey, three months after Trump submitted claims that TER owes him “substantially in excess of $100 million” for breaching a trademark licensing agreement and damaging...
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