Taj Mahal high-yield bond financing

Evidence chronology

1. promise1990-04-02reported

   Trump promoted the Taj Mahal as a major completed casino resort and business achievement.

   • The Washington Post: Trump's bad bet: How too much debt drove his biggest casino aground2016-01-18 · Financing, analyst warning, contractors, bankruptcy, and bondholders
   • 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
   Open underlying ledger entry
2. action1988-01-01documented

   The project was financed through high-yield debt carrying demanding repayment terms.

   • U.S. District Court for the District of New Jersey via Justia: In re Donald J. Trump Casino Securities Litigation1992-06-12 · Bond offering, disclosed risks, asserted omissions, and disposition
   • The Washington Post: Trump's bad bet: How too much debt drove his biggest casino aground2016-01-18 · Financing, analyst warning, contractors, bankruptcy, and bondholders
   • 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
   Open underlying ledger entry
3. affected group1990-04-02reported

   The casino opened but needed unusually strong daily operating performance to service the debt.

   • The Washington Post: Trump's bad bet: How too much debt drove his biggest casino aground2016-01-18 · Financing, analyst warning, contractors, bankruptcy, and bondholders
   • 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
   Open underlying ledger entry
4. limitation1992-06-12documented

   A federal court dismissed securities claims based on the offering record, which had disclosed significant risks.

   • U.S. District Court for the District of New Jersey via Justia: In re Donald J. Trump Casino Securities Litigation1992-06-12 · Bond offering, disclosed risks, asserted omissions, and disposition
   Open underlying ledger entry

Responses, legal status, contrary evidence, and limitations

• limitation

  A federal court dismissed securities claims based on the offering record, which had disclosed significant risks.