Trump committee OK to hire PricewaterhouseCoopers as financial adviser

By Kali Hays

New York, Oct. 30 – Trump Entertainment Resorts, Inc.’s official committee of unsecured creditors obtained authorization to employ PricewaterhouseCoopers LLP as its financial adviser, according to an Oct. 30 order from the U.S. Bankruptcy Court for the District of Delaware.

The hiring is retroactive to Sept. 26.

As previously reported, PricewaterhouseCoopers will be paid a fixed monthly fee of $50,000 per month for financial advisory services, excluding out-of-pocket expenses. The fees will be capped at $300,000.

Trump Entertainment Resorts, an Atlantic City-based owner and operator of casino resort properties, filed for bankruptcy Sept. 9. The Chapter 11 case number is 14-12103.

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