Coastal Marina sues Trump Entertainment

07/29/2009 | Google

Coastal Marina, which previously had plans to buy the Trump Marina Hotel Casino in Atlantic City, N.J., has filed a lawsuit against Trump Entertainment Resorts alleging that the company allowed Trump Marina to fall into such disrepair that the casino needs at least $50 million in repairs. The lawsuit, which seeks a return of $17 million in deposits that Coastal made toward the purchase of Trump Marina, also alleges that Trump Entertainment deliberately worked to destroy the casino's image, strip it of its customers and personnel, and harm Coastal Marina's chances of finding lenders to finance the purchase.

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