Shareholder challenge to insider loan

2000-01-01

Shareholder challenge to insider loan

unresolved

Promised: 1995-06-01The public company solicited investor capital for casino operations and shareholder value.Open cited record · 1 source
The record: 2000-01-01Shareholders brought a challenge concerning the company's personal loan to Trump.Open cited record · 2 sources2000-01-01The suit was dropped after Trump repaid the loan.Open cited record · 2 sources
Who paid: Trump Hotels & Casino Resorts public shareholders
Donald Trump
Audit finding: unresolved
The challenge documents investor concern over insider use of company funds, but repayment and dismissal mean the cited record contains no final liability judgment.
Causal strength: source attributed

Evidence chronology

promise1995-06-01documented
The public company solicited investor capital for casino operations and shareholder value.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 1996 Form 10-K1997-03-28 · Business, acquisitions, debt, compensation, and related-party sections
Open underlying ledger entry
action2000-01-01documented
Shareholders brought a challenge concerning the company's personal loan to Trump.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2002 Form 10-K2003-03-31 · Related-party transactions, notes, fees, and Riviera sections
- 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
outcome2000-01-01documented
The suit was dropped after Trump repaid the loan.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2002 Form 10-K2003-03-31 · Related-party transactions, notes, fees, and Riviera sections
- 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
limitation2000-01-01documented
There was no final adjudication that the loan caused shareholder loss or violated fiduciary duties.
- U.S. Securities and Exchange Commission: Trump Hotels & Casino Resorts 2002 Form 10-K2003-03-31 · Related-party transactions, notes, fees, and Riviera sections
- 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

Responses, legal status, contrary evidence, and limitations

limitation
There was no final adjudication that the loan caused shareholder loss or violated fiduciary duties.