According to the Press of Atlantic City, former shareholders of Trump Entertainment Resorts Inc., who say they haven’t been paid in years, want the casino company to fork over $4.1 million from a bankruptcy settlement.
“What these 17 (former stockholders) are trying to do, to use a nontechnical term, is double dip, because when they sold the stock, they got their money," Robert M. Pickus, general counsel of Trump Entertainment, told the paper.
In a motion filed on Monday, the group asked a United States bankruptcy court to ensure all 17 shareholders are paid in five days.