Trump Casino Lender Appeals Exclusivity Ruling

Law360, New York (October 9, 2009, 1:00 PM EDT) -- In an intensifying grudge match over the restructuring of Trump Entertainment Resorts Inc., the first-lien lender has appealed the bankruptcy court’s decision to let a group of investors horn in on the Chapter 11 proceeding and submit a competing plan of reorganization.

Beal Bank SSB challenged the decision by Judge Judith H. Wizmur of the U.S. Bankruptcy Court for the District of New Jersey to terminate Trump casino’s exclusivity period in August and allow an ad hoc committee of senior noteholders to push for an alternative...
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