Summary
The settlement, which has the support of bondholders, eliminates a key obstacle to Trump hotels' bankruptcy reorganization. The plan, including the settlement, is scheduled to go before U.S. District Judge Judith Wizmur for confirmation on April 5. Trump Hotels owns three Atlantic City casinos: Trump Marina, Trump Plaza and Trump Taj Mahal.
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Extract
Reorganized Reorganization
Shareholders in Trump Hotels and Casinos Resorts will drop their obj...
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