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Canadian court rules Trump can face claims in Toronto tower case
Source: Reuters
POLITICS | Thu Oct 13, 2016 | 4:04pm EDT
Canadian court rules Trump can face claims in Toronto tower case
By Alastair Sharp | TORONTO
U.S. Republican presidential candidate Donald Trump can be pursued for some claims made by investors in a hybrid hotel-condo tower in Toronto bearing his name, according to a Canadian court ruling released on Thursday.
An Ontario appeals court reversed an earlier decision to throw out a case brought against Trump and associates by the investors, who said they were misled into investing in the development in Toronto's financial district.
The investors bought units in the tower that were then placed into a pool of rooms to be rented out at luxury rates by the hotel's operator.
"There would be no factual or legal basis to hold my client liable, principally because my client did not enter into a contract with any of the buyers, did not sell anything to any of the buyers, and did not receive any money from any of the buyers," said Alan Garten, general counsel for the Trump Organization.
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The 65-story property is managed by the Trump Organization.
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Canadian court rules Trump can face claims in Toronto tower case
By Alastair Sharp | TORONTO
U.S. Republican presidential candidate Donald Trump can be pursued for some claims made by investors in a hybrid hotel-condo tower in Toronto bearing his name, according to a Canadian court ruling released on Thursday.
An Ontario appeals court reversed an earlier decision to throw out a case brought against Trump and associates by the investors, who said they were misled into investing in the development in Toronto's financial district.
The investors bought units in the tower that were then placed into a pool of rooms to be rented out at luxury rates by the hotel's operator.
"There would be no factual or legal basis to hold my client liable, principally because my client did not enter into a contract with any of the buyers, did not sell anything to any of the buyers, and did not receive any money from any of the buyers," said Alan Garten, general counsel for the Trump Organization.
[font size=1]-snip-[/font]
The 65-story property is managed by the Trump Organization.
[font size=1]-snip-[/font]
Read more: http://www.reuters.com/article/us-canada-trump-tower-idUSKCN12D2UO
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