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TR Investors, LLC, et al. v. Arie Genger

TR Investors, LLC, et al. v. Arie Genger. By Pam Moudgill. Bank Hapoalim. DEBT. 2007-2008 TRI fell behind in making payments to it’s largest lender Bank Hapoalim. CEO: ARI GENGER FOUNDED TRI.

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TR Investors, LLC, et al. v. Arie Genger

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  1. TR Investors, LLC, et al. v. Arie Genger By Pam Moudgill

  2. Bank Hapoalim DEBT 2007-2008 TRI fell behind in making payments to it’s largest lender Bank Hapoalim CEO: ARI GENGER FOUNDED TRI

  3. TRUMP GROUP AND ARI GENGER WORK TOGETHER TO CREATE A GENGER/TRUMP GROUP SPONSORED REFINANCING DEALTHEY FAILED TO CREATE AN OWNERSHIP STRUCTURE THAT WOULD AVOID LEGAL CHALLENGE FROM SAGI GENGER (ARI GENGER’S ESTRANGED SON)

  4. TRI IS LEFT WITHOUT REFINANCING OPTIONS AND FACING POTENTIAL FOR IT’S CREDITORS TO TAKE ADVERSE ACTION. TRUMP GROUP KNOWS THIS AND SHIFTS ITS COURSE OF ACTION AIMING TO REMOVE GENGER FROM THE TRI BOARD OF DIRECTORS

  5. EARLY AUGUST 2008 LITIGATION BROKE OUT IN THE NEW CASTLE COUNTY COURT OF CHANCERY

  6. THE SECTION 225 ACTION IS PROMPTLY FILED BY TRUMP GROUP ASKING THE COURT TO: DECLARE TRUMP GROUP ENTITLED, AS MAJORITY STOCKHOLDERS, TO DESIGNATE AND ELECT TWO MORE OF THEIR DESIGNEES TO THE TRI BOARD AND CONTINUETHE TERMS OF JULES TRUMP AND ROBERT SMITH DECLARE INVALID ANY ACTION TAKEN BY A BOARD NOT COMPRISED OF THEIR DESIGNEES DECLARE THE TRI BOARD TO BE COMPOSED OF THEIR FOUR DESIGNEES PLUS WILLIAM DOWD AND ARI PESSOLOF ENJOIN TRI FROM RECOGNIZING ARI GENGER AS DIRECTOR DECLARE THE TRUMP GROUP THE MAJORITY STOCKHOLDER OF TRI THE TRUMP GROUP ALSO FILED AN ACTION UNDER 8 Del. C. Section 220 asking the court to : ORDER TRI TO PERMIT IT TO INSPECT AND COPY BOOKS AND RECORDS FROM TRI

  7. August 28 2008 Meeting Genger, Pessolof and Dowd REJECTED the PROPOSAL on the grounds that they did not believe the Trump Group had enough voting power to reconstitute the Board.

  8. WHO WAS ARI GENGER AND WHAT DID HE DO?

  9. GENGER AND OHANA IN THE DARK

  10. Given Trump Groups’ actions with the 2007 TRI back up takes and Hirsch’s communications with Sagi, do you feel the outcome is fair? • Should Trump Group be subject to any sanctions/fines?

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