Taj Mahal Casino Chapter 11 Bankruptcy Receives Favorable Supreme Court Ruling

Taj Mahal Casino Chapter 11 Bankruptcy Receives Favorable Supreme Court Ruling. The US Supreme Court rejected the Union's Benefits Appeal in the Taj Mahal Casino Bankruptcy Case. In a Reuters article, http://www.reuters.com/article/us-usa-court-casino-idUSKCN0YM1OC, it is noted that Local 54's appeal to preserve pensions and health benefits at the Taj Mahal was unsuccessful. Trump Entertainment Resorts Inc filed for bankruptcy in 2014. In 2009, the company was granted permission to impose new lower-cost contracts on unionized workers as a condition of a rescue deal purchase of the casino company by billionaire investor Carl Icahn.

The union appealed to the US Supreme Court, taking the position that because the collective bargaining agreement expired before the bankruptcy, the US Bankruptcy Court lacked jurisdiction.

The US Supreme Court's decision will now put the casino in position to exit the Chapter 11 bankruptcy.

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