Close X
Monday, November 11, 2024
ADVT 
International

Court: Taj Mahal Casino Rightly Ended Worker Benefits

Darpan News Desk The Canadian Press, 15 Jan, 2016 12:07 PM
  • Court: Taj Mahal Casino Rightly Ended Worker Benefits
ATLANTIC CITY, N.J. — An appeals court ruled Friday that Atlantic City's Trump Taj Mahal casino was within its rights to end health insurance and pension benefits to its workers, removing the last major obstacle to billionaire Carl Icahn taking over.
 
The court ruled in favour of the casino's parent company, Trump Entertainment Resorts, which ended benefits in October 2014 as part of its bankruptcy filing. The company said it could no longer afford the benefits, and gave workers stipends to find insurance on the open market, including under the federal Affordable Care Act.
 
Icahn is acquiring the casino from bankruptcy court and has been keeping it afloat financially for more than a year. He had threatened to cut off funding if the court ruling went against him, which would have forced the Taj Mahal to close.
 
Local 54 of the Unite-HERE casino workers union appealed the ruling, arguing that a bankruptcy court judge did not have jurisdiction over whether the company could end worker benefits. The union maintained that right belonged to the National Labor Relations Board. But, the appeals court sided with the company.
 
Icahn, the union and Trump Entertainment all had no immediate comment on the ruling.
 
The ruling clears the way for Icahn to take over the casino and carry out his stated plan to invest millions of dollars into it.
 
It also removes a giant cloud of uncertainty that had been hovering over the casino since it filed for Chapter 11 protection in September 2014. The company had threatened repeatedly to close the Taj Mahal, and had set several closing dates that came and went.
 
Icahn also owns Atlantic City's Tropicana casino.
 
Donald Trump, the real estate mogul and Republican presidential candidate who founded Trump Entertainment, no longer owns or controls the company.
 
The Taj Mahal is the company's lone remaining casino. It previously sold Trump Marina (now the Golden Nugget), and closed Trump Plaza.
 
The union has staged numerous protests against the Taj Mahal and Icahn, even as it tried to reach a negotiated contract settlement with the billionaire.

MORE International ARTICLES

Vancouver Mining Executives Trapped In Their Rooms As Gunmen Stormed Mali Hotel

Vancouver Mining Executives Trapped In Their Rooms As Gunmen Stormed Mali Hotel
The B2Gold Corp. executives were in the Radisson Blu hotel in the capital Bamako when Islamist militants launched the attack Friday morning.

Vancouver Mining Executives Trapped In Their Rooms As Gunmen Stormed Mali Hotel

Modi Calls For New Global Resolve To Fight Terror

Modi Calls For New Global Resolve To Fight Terror
Prime Minister Narendra Modi on Sunday called for a new global resolve to fight terrorism and spoke of the need for unimpeded commerce in the Asia Pacific and the Indian Ocean regions.

Modi Calls For New Global Resolve To Fight Terror

Donald Trump Says He Would 'Absolutely' Implement Muslim Database If Elected

Donald Trump Says He Would 'Absolutely' Implement Muslim Database If Elected
I would certainly implement that. Absolutely," Trump told an NBC News reporter between campaign events Thursday in Newton

Donald Trump Says He Would 'Absolutely' Implement Muslim Database If Elected

Russia Pounds Islamic State Terrosits With 'For Paris' Bombs

Russia Pounds Islamic State Terrosits With 'For Paris' Bombs
Unverified images have been circulating on the internet of Syria-bound US missiles bearing the handwritten inscription "From Paris with love".

Russia Pounds Islamic State Terrosits With 'For Paris' Bombs

Harjit Sajjan Defends Refugee Plan, Says Government Is 'Mindful' Of Recent Attacks

Harjit Sajjan Defends Refugee Plan, Says Government Is 'Mindful' Of Recent Attacks
HALIFAX — Defence Minister is defending the Liberal government's plan to resettle 25,000 Syrian refugees by the new year.

Harjit Sajjan Defends Refugee Plan, Says Government Is 'Mindful' Of Recent Attacks

Sikhs Visiting Pakistan For Guru Nanak's Birthday

Sikhs Visiting Pakistan For Guru Nanak's Birthday
Dozens of other Sikh pilgrims would arrive by air in Pakistan from different countries and then leave for Hasan Abdal town in Punjab province's Attock district.

Sikhs Visiting Pakistan For Guru Nanak's Birthday