Trump, Talon International focus of multi-million dollar lawsuit by investors

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::Trigger Warning::

Lawyers for four investors have launched a multi-million lawsuit against Donald Trump and Talon International Inc. alleging that buyers in one of Toronto’s glitziest hotels were “victims of an investment scheme and conspiracy.”

With just days to go until deals are set to close on dozens of pricey hotel-condo units in Toronto’s Trump International Hotel & Tower, the lawsuit is seeking to have four plaintiffs’ deals rescinded and deposits of more than $173,000 returned.

It’s also seeking more than $2.7 million in damages for each of the four buyers of the $700,000 to $867,000 hotel-condo units, alleging that Trump, through his marketing clout and partnership with rookie developers Talon International, was integral in convincing novice investors to buy based on “reckless and negligent misrepresentations.”....

http://www.thestar.com/business/2012/11/22/trump_talon_international_focus_of_multimillion_dollar_lawsuit_by_investors.html