April 13, 2010 🟡 Significant

Judge approves Trump bondholder plan for Atlantic City casinos

Associated Press reporting said Judge Judith Wizmur selected the $225 million reorganization led by Trump, Avenue Capital, and bondholders rather than Carl Icahn’s bid, leaving Trump with a 10 percent stake if he licenses his name to the casinos and prompting Trump to call the ruling "tremendous news for Atlantic City."

"tremendous news for Atlantic City."

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economy justice-system