Turning The Ballot Box Against Republicans

Griffin Sued By Trump On Resorts

By ANDREA ADELSON, Special to the New York Times
Published: March 19, 1988


LOS ANGELES, March 18— Donald J. Trump, the real estate developer, filed a lawsuit today against Merv Griffin and also sued a dissident shareholder of Resorts International Inc., seeking to block the former talk show host's $35-a-share bid for the casino operator.

In his suit, filed in Federal District Court in New York, Mr. Trump is seeking $250 million in damages and is charging that Mr. Griffin's $225 million offer is fraudulent, violates securities laws and constitutes ''tortious interference'' with his own merger agreement with Resorts. Some analysts speculated that the Griffin move could end the Trump deal.

Mr. Trump, who is the chairman of Resorts and has 88 percent control of the company's stock, is seeking to buy all of its class A shares to take the company private. He said he would not sell his controlling class B stock, one of several conditions set in Mr. Griffin's offer. Countersuit Called Likely

A spokesman for Mr. Griffin said the Trump suit lacked merit and was intended to put pressure on Mr. Griffin to withdraw his offer, which was made on Thursday through the Griffin Company, Mr. Griffin's Los Angeles-based holding company. A countersuit is likely to be filed on Monday, the spokesman added.

In another court action in Wilmington, Del., where Resorts is incorporated, a lawyer for Mr. Griffin and the dissatisfied Resort shareholder, F. V. Scutti, outlined their objections to Mr. Trump's $22-a-share offer, which was proposed as a plan to settle shareholder suits. Mr. Scutti, who is from Fort Lauderdale, Fla., owns 5.6 percent of the class A stock, Vice Chancellor Maurice A. Hartnett 3d of Delaware Chancery Court reserved judgment on the plan and gave no indication when a ruling might be issued.

Meanwhile, gaming industry analysts speculated that the 11th-hour Griffin proposal, which was also spurned by the outside directors of Resorts, might effectively foil Mr. Trump's plan anyway. The Trump offer was set to expire on Monday but was today extended to March 31.

Marvin B. Roffman, an analyst at Janney Montgomery Scott Inc. in Philadelphia, said that investors who had tendered their shares under the $22-a-share offer would withdraw their stock because they could now sell their holdings for more in the open market.

The price of the Resorts class A stock rose 25 cents today, to $25.50, on the American Stock Exchange.

It figures you would do something like this. All or nothing when it comes to what govt can do.

Baldimo - what is your take on Donald Trump's popularity?

I think it is temporary for the race. He won't be in this same position this time next year. If he is, it would be surprising. I do like the way he is handling a majority of the media though.

Thou shalt not impose religion into government.

Really?? Our health cost in Canada is free. Wow, so I guess I can stop paying that amount on my paycheques. Heck, if that is the case, since you posted something, from God knows where and from more than likely, no for sure, not a Canadian, ..... Hey I am owed a lot of money back, along with every other Canadian, from our government since they took that money from ALL Canadians as you are saying it is "free". Not everything you read is true or accurate!!! Good grief! The difference between the US and Canada is that you pay $$$ to insurance companies who gouge you big time we don't.

Do you think it is his actual policy positions that appeal to people or the volume of his publicity?

Israel's Security Fence is on their border, and preventing Palestinians from sneaking into Israel to murder children is not "getting rid of them".

The Left hates our freedom just as much as the terrorists do.

A vote for Republicans is a vote to preserve our freedom and civil rights.

I think it is a little of both.

The whole quote is a lie, Trump has never said that MExicans with a valid visa or green card need to leave, only the ones who are here illegally. He wants to remove people because they are criminals, not because they are mexicans.

Note: Last week I was seeing claims that Trumps plan would cost well over $200 billion, then a couple billion a year to to make it stick. The "journalist"/mexican illegal entry advocate jorge ramos claims that it would only cost $137 billion to get all of the illegals out.....I might be willing to do it at that price.

And where do white hillbilly criminals go to escape justice in the US?

Mexico...

Murders, rapists, pedophiles and polygamists...

Do not forget to mention that there is a difference between a fence that keeps people out, and a fence that keeps people in. Those who are against a border fence do not seem to know the difference.

All fences serve the same dual purpose...

That might be true for a small % of crooks who flee south, but they also don't go there with the intent of becoming citizens, which they can't, and trying to force the country of Mexico to change their ways to fit what they think Mexico should be. Do you know how they treat illegal immigrants in Mexico?

It does not matter to some. About a week ago I posted a quote from a leftist with the argument that all boarder controls and citizenship controls are immoral, that humane individual rights demands that people be allowed to live where ever they want on this planet. That is how divorced from reality some of these nuts on the Left have become, If anyone who likes my house (country) better than their house (country) can walk in and take up residence then I am not going to go to the work of making a nice house, there is no motivation because I will not be able to enjoy the product of my work. Under that regime the entire planet becomes a cesspool.

I used to be against border fences and aggressively throwing the illegals out, but we have to draw the line someplace, and maybe that is the right place. I am listening to arguments for and against.