Riviera option cancellation and Trump share sale

What happened

1. promise1995-06-01documented

   The public company presented investment decisions as serving company and shareholder interests.

   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-K1997-03-28 · Business, acquisitions, debt, compensation, and related-party sections
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2. action2004-04-01documented

   Trump sold his Riviera position and canceled the related option arrangement.

   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2004 Form 10-K2005-03-31 · Restructuring, bankruptcy plan, services agreement, and signatures
   • The New York Times via U.S. House Judiciary Committee record: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions2016-06-11 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
   Read full record
3. outcome2004-04-01reported

   Trump reported a personal gain while the company's description of the investment did not fully foreground the personal outcome in the reporting reviewed.

   • The New York Times via U.S. House Judiciary Committee record: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions2016-06-11 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
   Read full record
4. limitation2005-03-31documented

   The cited record does not include a judicial finding that the transaction violated fiduciary duties.

   • U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2004 Form 10-K2005-03-31 · Restructuring, bankruptcy plan, services agreement, and signatures
   • The New York Times via U.S. House Judiciary Committee record: How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions2016-06-11 · Pages 2-9: financing, related transactions, bankruptcies, and outcomes
   Read full record

People and organizations

• Trump Hotels & Casino Resorts public shareholdersaffected party
• Donald Trumpbeneficiary