Sixty-nine buyers of the failed hotel-condo Trump Ocean Resort Baja in Tijuana, Mexico, are suing Donald Trump after the actual developer said there was no money to refund deposits totaling about $20 million.
The suit, filed in Los Angeles Superior Court, seeks unspecified damages against Trump, his children Ivanka and Donald Jr. It accuses Trump and his company of fraud, negligence, unjust enrichment and violating federal disclosure laws.
In December, the Mexican developer, PB Impulsores told buyers that Trump merely licensed his name and wasn’t an investor. And in a statement last week, the Trump Organization said it had ended the licensing agreement. The lawsuit claims that Trump had a peripheral role because sales brochures said, "Mr. TRUMP is personally involved in everything his name represents."
Source: The Associated Press (03/14/2009)
Posts
No comments:
Post a Comment