Sat Mar 11, 2017, 11:22 AM
Agent_86 (1,958 posts)
Trump can't appeal court decision he misled Toronto investors
Last edited Sat Mar 11, 2017, 11:52 AM - Edit history (1)
OTTAWA — Canada’s highest court is upholding a lower-court ruling in favour of investors who launched a lawsuit alleging they were misled by U.S. President Donald Trump and a real estate development firm.
The Supreme Court of Canada said it will not hear a leave to appeal by the defendants in the legal saga — which include the U.S. president, developer Talon International and its former executives. No reasons were given by the court for the dismissal.
The plaintiffs — Sarbjit Singh and Se Na Lee — allege they were sold units in the hotel under false pretenses and misled to believe their investments would result in returns ranging from 7.74 per cent to 20.90 per cent.
Instead, the two investors lost a combined $1.2 million, according to a decision by the Ontario Court of Appeal last year.
Another very expensive Trump University™ lesson.
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