80 Buyers Bring Suit Against Trump Towers; Related Group of Florida
This one takes the cake. Buyers of units at Trump Towers I, II, and III in Sunny Isles Beach, Fla are suing the developers, the Related Group and Dezer Development because, according to the Daily Business Review
…used the celebrated Trump name to attract buyers. But according to the suit, the billionaire’s name can only be used temporarily and for promotional purposes and may be changed once the units are sold out, the buildings are completed and the developers are no longer associated with the project. The lawsuit was filed Tuesday in Miami-Dade Circuit Court.
The buyers are seeking cancellation of sales contracts for units with prices totaling more than $100 million and the return of about $20 million in deposits.
Trump who was reached in Scotland…said he was “honored” by the lawsuit and the fight over his name.
Honored? Read the rest of the story and you’ll want to do a little bit more to Trump other than “honoring” him.
