(Source: Homes Oversees)

Donald Trump has sued the developers of a Baja California, Mexico, residential project he franchised his name (brand) to, after purchasers named him in lawsuits that accused the constructors of taking their deposits without commencing construction work on the scheme.

Trump is suing the developers, Jason Grosfeld and Adam Fisher, for £47m, because under the terms of the licence agreement, they were required to protect and defend him from the purchasers’s claims.

Trump said: “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.”

Read the full article “Donald Trump sues builders” Homes Oversees (April 20, 2009).

Also read:

Buyers sue Trump over failed Mexico condo project” March 15, 2009

Investors Out $32m as Trump Ocean Resort Baja Goes Belly-up” March 10, 2009

Trump venture folds, leaving buyers strapped” March 8, 2009

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