Tags: US | Tropicana | Name | Lawsuit

Icahn Files Suit Over Tropicana Las Vegas Name Use

Tuesday, 17 Aug 2010 03:49 PM

 

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Billionaire investor Carl Icahn is suing the Tropicana Las Vegas hotel-casino in hopes of forcing it to pay royalties for using its 52-year-old name.

Icahn-owned Tropicana Entertainment Inc. filed suit last week in U.S. bankruptcy court in Delaware.

Icahn's company is now separate from the Las Vegas hotel. It says the Las Vegas Strip resort is using the name and other trademarks for free.

Tropicana Entertainment LLC went bankrupt in 2008. The resort was spun off to investors.

Icahn bought the rest of the company, which is now based in Las Vegas under the slightly different name.

During the bankruptcy case, Icahn's company proposed the Las Vegas resort pay $10 million to use the name for five years.

Hotel officials say they shouldn't have to pay to use the name.

——

Information from: Las Vegas Sun, http://www.lasvegassun.com

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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