Close X
Sunday, December 1, 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

Pakistan Submits Initial Findings, ISI Joins Probe On Pathankot Attack

Pakistan Submits Initial Findings, ISI Joins Probe On Pathankot Attack
Pakistan on Monday submitted to India its initial findings on alleged Pakistani links to the Pathankot terror attack saying that the telephone numbers given by India were not registered in Pakistan

Pakistan Submits Initial Findings, ISI Joins Probe On Pathankot Attack

Satya Nadella Gets Coveted Seat For Obama Address

Satya Nadella, Indian-American Chief Executive Officer of Microsoft, will be among the "many Americans who have inspired Barack" watching President Barack Obama's final State of the Union address Tuesday from the First Lady's Box.

Satya Nadella Gets Coveted Seat For Obama Address

Canadian Pastor Jailed In North Korea Spends Days Working In Labour Camp: CNN

Canadian Pastor Jailed In North Korea Spends Days Working In Labour Camp: CNN
A Canadian pastor serving a life sentence in North Korea says he spends eight hours a day, six days a week, toiling in a labour camp, with no contact with the outside world.

Canadian Pastor Jailed In North Korea Spends Days Working In Labour Camp: CNN

Russian Girl Recites Vajpayee Poem, Earns Praise At Vishwa Hindi Diwas

Russian Girl Recites Vajpayee Poem, Earns Praise At Vishwa Hindi Diwas
Evgeniya, a student of Hindi at the Kendriya Hindi Sansthan, recited the poem "Pehchan" by Vajpayee flawlessly, after learning the language for just five months.

Russian Girl Recites Vajpayee Poem, Earns Praise At Vishwa Hindi Diwas

Grandmother Gives Birth To Granddaughter In USA

Grandmother Gives Birth To Granddaughter In USA
When Kelley was a teenager, she had jokingly asked her mother to carry her baby. Years later, her mom held true on her promise.

Grandmother Gives Birth To Granddaughter In USA

Indian American Community Lauded At Pravasi Bharatiya Divas In US

Indian American Community Lauded At Pravasi Bharatiya Divas In US
Opening an event to celebrate the Pravasi Bharatiya Divas at the Indian embassy here on Friday, he also highlighted the importance of the day.

Indian American Community Lauded At Pravasi Bharatiya Divas In US