U.S. Bankruptcy Judge Kevin Gross scheduled a hearing for
Thursday at noon on Trump Entertainment Resorts Inc.'s bid to withdraw from a
pension plan for union workers at the Trump Taj Mahal Casino in Atlantic City.
Withdrawing from the Unite Here defined benefit pension
plan is part of Trump Entertainment's effort to end its contract with Unite
Here Local 54, which represents 1,136 employees at the Taj Mahal, and impose
new terms with the blessing of the bankruptcy court.
Trump Entertainment argued in a conference call that it
was urgent to consider the pension issue. Without court permission to withdraw
from the pension fund, Trump Entertainment faces "the potential of
liability, which would preclude a successful reorganization" Gross's order
said.
Source: Philly.com
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