Trump asks judge to toss suit over failed Fort Lauderdale condo

Miami /
Dec.December 13, 2013 03:00 PM

The Donald stands alone as the remaining defendant in a lawsuit concerning the stalled Trump International Hotel & Tower, and has asked a judge to dismiss the case.

Investors in the project accuse the real estate heavyweight of fraud in the inducement, violations of Florida’s Deceptive and Unfair Trade Practices Act, negligent misrepresentation and fraudulent concealment, and are attempting to recover their lost deposits associated with the project.

A Borward Circuit judge ruled in favor of Trump earlier this month, opting not to revisit a prior rejection of punitive damages during a Nov. 1 hearing, and Trump is now asking that the case be dismissed.

Trump’s attorney, Herman Russomanno III said because Trump was not the project developer, he “can no longer be held liable for any of these alleged misrepresentations.”

Joe Altschul, the plaintiffs’ attorney, argued in court that it wasn’t obvious to investors that Trump was not the project developer. Though SB Hotel was specifically named as the developer, promotional materials described Trump as being in partnership with them, the Daily Business Review reported.

But even if Trump misrepresented his role as suggested, purchase agreements warned against relying on promotional materials and the real estate crash was the primary reason investor deposits were lost, Russomanno said.

SB Hotel head Roy Stillman directed the project, and settled with about 100 investors along with the other defendants. [Daily Business Review]Julie Strickland


Related Articles

arrow_forward_ios
Gil Dezer (Photos by Sonya Revell)
The Closing: Gil Dezer
The Closing: Gil Dezer
Brad Parscale and 2319 Desota Drive (Getty, Google Maps)
Brad Parscale, ex-Trump campaign manager, sells Fort Lauderdale home
Brad Parscale, ex-Trump campaign manager, sells Fort Lauderdale home
Donald Trump with sons Eric and Don Jr. and 1125 South Ocean Boulevard (Getty, Google Maps/Illustration by Alexis Manrodt for The Real Deal)
Trump lists beachfront mansion next to Mar-a-Lago for $49M
Trump lists beachfront mansion next to Mar-a-Lago for $49M
Photo illustration of Donald Trump at Mar-a-Lago (iStock, Getty/Illustration by Kevin Rebong for TRD)
Trump argues to live in Mar-a-Lago — as an employee
Trump argues to live in Mar-a-Lago — as an employee
535 North County Road and Mark Pulte with former President Donald Trump (Google Maps; Pulte Family Foundation; Getty)
Spec home built on Trump’s former Palm Beach property under contract for $140M
Spec home built on Trump’s former Palm Beach property under contract for $140M
Trump Plaza’s condo board votes to remove ex-president’s name from West Palm towers
Trump Plaza’s condo board votes to remove ex-president’s name from West Palm towers
Trump Plaza’s condo board votes to remove ex-president’s name from West Palm towers
Donald Trump Jr. and Kimberly Guilfoyle with 492 & 494 Mariner Drive (Getty, Google Maps)
Jupiter’s Admirals Cove residents speak out against Don Jr. and Kimberly Guilfoyle’s plans to move in
Jupiter’s Admirals Cove residents speak out against Don Jr. and Kimberly Guilfoyle’s plans to move in
535 North County Road (Palm Beach Property Appraiser)
Oceanfront Palm Beach spec mansion hits the market, asking record $140M
Oceanfront Palm Beach spec mansion hits the market, asking record $140M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...