A Delaware bankruptcy judge has denied a request by Trump
Entertainment Resorts to be relieved of its pension obligations under a
collective bargaining agreement with workers at the Taj Mahal casino in
Atlantic City, New Jersey.
After hearing arguments and testimony from company
witnesses Thursday, Judge Kevin Gross denied the motion in a teleconference
with attorneys Friday.
Gross said the company had not demonstrated that it would
suffer immediate harm if he did not allow termination of its pension
contributions before an Oct. 14 hearing on Trump Entertainment’s request for
permission to terminate the labor agreement entirely.
The judge also noted that there is no
provision in the bankruptcy code allowing a debtor to terminate a collective
bargaining agreement except in its entirety.
Source: CBS
Philly
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