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Trump Hotels & Casino Resorts loan to Trump

What happened

  1. promisedocumented

    The public company raised capital for casino operations and investor returns.

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  2. actiondocumented

    The company advanced a personal loan to Trump.

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  3. outcomedocumented

    Trump repaid the loan and the related shareholder challenge was dropped.

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  4. limitationdocumented

    Repayment means the cited record does not establish a lasting principal loss to the company.

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People and organizations

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

Trump Hotels & Casino Resorts advanced company funds to Trump, its controlling shareholder. Repayment and the end of the shareholder suit limit any claim of permanent loss.