Barbara Corcoran sues Donald Trump

Two titans of New York real estate are at each other in court. Corcoran Group founder Barbara Corcoran and two others associated with her former firm are suing Donald Trump over $4 million in commissions they say the developer has not paid them. Trump agreed in 1994 to pay the trio $2 million for introducing him to Hong Kong investors who put $100 million into the 74-acre project knowns as Riverside South and Trump Place on the Upper West Side, according to the suit filed this week in State Supreme Court. Trump was also supposed to pay up another $2 million in percentage commissions if he received payments for the sale or transfer of the property, according to the lawsuit. more [Post]

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