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Icahn't Haz Cheezytrumpburgers

By Chuckmonster on Monday, 12th April 2010 6:29pm
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Carl Icahn's quest to take over the entire global casino industry has been spayed and neutered by New Jersey bankruptcy Judge Judith Wizmur. Icahn, who recently took over the crumbling assets of Tropicana Resorts & Casinos (including the Trop AC), had his Chapter 11 exit plan takeover of Trump Entertainment Resorts denied in favor of the plan put forth by Avenue Capital Management and Donald Trump.

Yes. That Donald.

How many chances is this guy going to get to run the company that bears his name further into the ground? Isn't there a limit to the number of times a corporation can declare bankruptcy within a specific time frame? Once? Twice? Thrice? This is getting ridiculous.

More gory details at the Wall Street Journal.






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