Wednesday, May 20, 2009

When Is Trump Tower Not Trump Tower?


When The Donald says it's not:

Thirty buyers of Trump International units at 551 N. Fort Lauderdale Beach Blvd. are suing the developers and Trump for allegedly misleading them into thinking the TV star's participation was a sure thing. Though sales contracts identify the project as the SB Fort Lauderdale Hotel & Condominium and state that Trump can withdraw from the licensing deal, the suit claims that marketing materials suggested Trump was on board as a developer.

''Everybody thought they were buying into Trump Tower,'' said Joseph Altschul, the Fort Lauderdale lawyer who filed the suit in Broward County Circuit Court.

The suit claims plaintiffs ''paid a premium for a condominium unit with the Trump name purportedly attached to it,'' reads the suit filed in Broward County Circuit Court. The project's website described it Thursday as ``a signature development by Donald J. Trump.''

This case again raises the issue, so carefully analyzed by Judge Seitz, of whether consumers can be misled by the overall impression and strength of an expensive condo marketing campaign as against disclaimers and exculpatory language inserted (buried?) some place in the contract docs.

The short answer: Joe, don't put a lot of money in this one.

When "mere multimillionaire" The Donald pulls out, maybe you should too.

17 comments:

fake jim croce said...

One of life's lessons:

"You don't tug on Shumie's cape
You don't spit into the wind
You don't pull the mask off the ol' lone ranger
and you don't mess around with The Donald"

BTW: FIRST!!!

Anonymous said...

The website still proclaims it as a Trump project!

Anonymous said...

The Donald now is a millionaire only? there goes the neighborhood

Anonymous said...

WTF?! Where is the sexual overtone this blog typically has?

Anonymous said...

THE Donald? Man has an ego.

Anonymous said...

Don't worry, today is Wednesday.

Anonymous said...

"Pulls out" 11:13.....

Anonymous said...

SFL will "pull out" the sexual overtone on Friday. The man has to "research" first.

Third World Man said...

@11:13 AM

Thinking of Donald Trump shrinks my boner. Some topics just don't work with sexual overtones.

The Constant Complainer said...

SFL, I think you hit the nail on the head. When The Donald pulls out, I would too.

I seem to remember an article I read citing all of the bankruptcies Trump's properties have had.

With that being said, I don't know that I'm sold on the power or quality of the name "Trump" anymore.

Excellent post!

Anonymous said...

SFL is a theologian. His “research” involves getting to know the latina in the biblical sense.

Anonymous said...

The Donald, is it a toupée? Or cotton candy?

4:01, I hear she is good getting down on her knees to "pray"

Anonymous said...

11:32, The name "The Donald" was given to him by his ex wife Ivana.

4:15, Funny.

Anonymous said...

5:20 again- Funny but distasteful.

Anonymous said...

You are a cretin @4:15. Shitty comments make us all look bad.

Anonymous said...

4:15, not particularly funny either.

Anonymous said...

Aw c’mon 5:30 it’s all harmless.
BTW I would not mind tapping her.