Former Trump Shareholders Seek $4.1 Million

5 December 2008

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.