Trump Sues Baja Condo Developers for Buyers’ Lawsuits
 Edvard Pettersson - Bloomberg
go to original
| | A Trump Ocean Resort Baja highway billboard with a large photo of Donald Trump that advertises condos for sale remains on the project lot on the outskirts of Tijuana, Mexico, Friday, Feb. 27, 2009. (AP/Guillermo Arias) | 
| | A steel frame with a crane on the roof of the oceanfront high-rise Elegancia project is seen at the coastal corridor in Rosarito, Mexico, Monday, Feb. 23, 2009. (AP/Guillermo Arias) | |
Donald Trump sued the developers of a Baja California, Mexico, condominium project he licensed his name to, after buyers named him in lawsuits that accused the builders of taking their deposits without starting construction.
Under the terms of the license agreement, the developers, Jason Grosfeld and Adam Fisher, were required to protect and defend him from the buyers’ claims, Trump said in a complaint filed today in federal court in New York. He seeks $40 million in compensatory and punitive damages.
“Defendants, as the developers of the project, were entrusted with ensuring that the project would be constructed and developed in accordance with the buyers’ purchase contracts and in keeping with the high standards of luxury, quality, reliability and dependability associated, throughout the world, with the ‘Trump’ name,” Trump said in the complaint.
Grosfeld and Fisher didn’t immediately return messages left with the development company, Irongate, in Los Angeles. Timothy Hughes, a lawyer for Irongate, didn’t immediately return a call to his office.
Trump and the developers were sued March 13 in California state court in Los Angeles by 69 condominium buyers who claimed they lost as much as $18 million in deposits. Buyers were led to think that Trump played an active role in the development, Trump Ocean Resort Baja, and held an equity stake and that his children had bought condo units, according to the March 13 complaint.
The case is Donald Trump v. Jason Grosfeld, 09-3664, U.S. District Court, Southern District of New York.
To contact the reporter on this story: Edvard Pettersson in Los Angeles at epettersson(at)bloomberg.net. |
Vallarta Weddings
Puerto Vallarta Real Estate | April 2009 
Tell a Friend
Site Map
Print this Page
Email Us