Joel R. Glucksman
Partner
201-896-7095 jglucksman@sh-law.comFirm Insights
Donald Trump Removing Name From Atlantic City Casino
Author: Joel R. Glucksman
Date: March 2, 2015
Key Contacts
Back
A bankruptcy court ruling on Friday February 20 gave Donald Trump a leg up on stripping his name from the troubled Trump Taj Mahal Atlantic City casino.
Trump will now be allowed to proceed with a licensing suit, which demands that his name be erased from all of the Atlantic City properties owned by Trump Entertainment Resorts, according to The Wall Street Journal.
Trump had originally filed the licensing suit as a state court action in New Jersey’s Atlantic County Superior Court.
The case was removed to the federal bankruptcy court in Delaware, when Trump Entertainment Resorts filed a Chapter 11 bankruptcy proceeding, and the suit was then stayed by the bankruptcy filing. The ruling on February 20 by Bankruptcy Judge Kevin Gross allows Trump to proceed with his licensing suit.
Nevertheless, the ruling was a victory for Trump, according to The Wall Street Journal, Trump says that the Trump Entertainment Resorts casino operations in Atlantic City are not worthy of his “luxury brand.
- The Wall Street Journal notes that a Trump attorney Alan Garten stated that, “the value of the (Trump) brand is at an all-time high right now.”
- Although Trump owns a small equity share in Trump Entertainment Resorts, as well as having permitted them to use his name, he is not part of the management of the operation.
In the meantime, the Trump Entertainment Resorts proposed bankruptcy plan is being voted on by its creditors. If approved by the creditors and the bankruptcy court, Carl Icahn will control the reorganized company, and it will then be up to the New Jersey Superior Court to decide whether the reorganized company will have the right to continue to use the Trump name.
To find out more about Donald Trump’s involvement with Atlantic City casinos, feel free to look at some of my previous stories under the related posts section below this article:
- Practices: Bankruptcy & Creditors' Rights, Corporate Transactions & Business, Bankruptcy Litigation
- Locations: Red Bank, NJ, New York City, Little Falls, NJ
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Related Posts
See all
New Jersey’s Revised UHAC Regulations: What Residential Developers Need to Know About Affordable Housing Commitments
New Jersey residential developers with affordable housing obligations should carefully review their existing approvals, development agreements, and proposed deed restrictions in light of the State’s revised UHAC regulations (Uniform Housing Affordability Controls). The regulations, which took effect on November 6, 2025, significantly change the administration and physical requirements for affordable housing units. For developers with […]
Author: Wendy Rubinstein Quiroga
“No Comment” Culture: Why Silence Is Often the Riskiest Legal Strategy
A “no comment” response is sometimes the right call when a legal problem arises. As a blanket policy, however, it lets allegations go unanswered, deadlines pass, evidence disappear, and manageable disputes grow into expensive litigation. The businesses that fare best are usually the ones that say little publicly while acting decisively behind the scenes. When […]
Author: Sean M. Pena
Utility-Scale Battery Storage Projects: A Legal Roadmap for Developers, Property Owners and Other Stakeholders
Utility-scale battery energy storage systems (BESS) are becoming an increasingly important component of the electric grid throughout New Jersey, New York, and Pennsylvania. As renewable generation expands, electricity demand increases and grid operators seek greater flexibility, battery storage can help balance supply and demand while providing additional capacity and reliability. For developers, battery storage presents […]
Author: Nicholas Wall
Navigating Disputes: Hire a Partnership Dispute Lawyer
A falling out between partners can be disastrous for any business. In many cases, the partnership will not survive. If you are in an unworkable situation with your partners, it may be time to consult a partnership dispute lawyer experienced in handling partnership breakups and dissolutions before the situation deteriorates any further. It is easy […]
Author: Jay McDaniel
Section 363 Sales in Bankruptcy: What Businesses, Lenders, and Buyers Need to Know
When a company enters Chapter 11 bankruptcy, many assume the process will culminate in a lengthy reorganization plan. However, distressed businesses are increasingly being sold through a different mechanism — a sale under Section 363 of the United States Bankruptcy Code. A Section 363 sale allows a company, as a debtor-in-possession in bankruptcy, to sell […]
Author: John D. Giampolo
Zoning Laws Explained: What You Need to Know Before Buying Property
Before buying property, it is critical to determine whether local zoning laws may affect your plans. If you plan to redevelop the property, you will want to confirm that local zoning regulations permit development as intended. If acquiring property that is already developed, you must verify that the use is permitted in the underlying zoning […]
Author: Wendy Rubinstein Quiroga
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.