Skadden Wants Out Of $6M Trump Group Escrow Row

Law360, New York (November 8, 2011, 3:36 PM EST) -- Skadden Arps Slate Meagher & Flom LLP, the escrow agent for $6 million the Trump Group has paid for disputed shares in Trans-Resources Inc., is seeking to exit the ownership battle, asking a New York federal court Monday to take control of the funds.

Skadden wants the court to control the proceeds from the Trump Group's purchase of the fertilizer company's shares until the ownership dispute is sorted out. The suit names Trans-Resources founder Arie Genger and investors Glencova Investment Co., New TR Equity I LLC,...
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