February 17, 2009 🟡 Significant

Bankruptcy filing highlights Trump’s resignation rationale

Exhibit 99.1 to the SEC filing details Trump’s statement that he resigned because he refused to be associated with 'underperformance' while simultaneously asserting his name was essential to the casinos and that he expected licensing revenue to continue, even as the company disclosed $13 million in personal guarantees still owed.

"underperformance"

Categories

Offenses:
legal-violation
Domains:
economy
Tags:
#self-dealing

Source & Documentation