Moneymoney

Sat Mar 11, 2017, 10:22 AM

Trump can't appeal court decision he misled Toronto investors

Last edited Sat Mar 11, 2017, 10:52 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.

https://www.thestar.com/business/2017/03/09/trump-cant-appeal-court-decision-he-misled-toronto-investors.html

Another very expensive Trump University™ lesson.



3 replies, 218 views

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Reply Trump can't appeal court decision he misled Toronto investors (Original post)
Agent_86 Mar 2017 OP
WritelyWrong Mar 2017 #1
rampartb Mar 2017 #2
Badsamm Mar 2017 #3

Response to Agent_86 (Original post)

Sat Mar 11, 2017, 10:53 AM

1. If it sound to good to be true

Just an other lesson our electorate is about to learn, concerning the promises made by Trump.

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Response to WritelyWrong (Reply #1)

Sat Mar 11, 2017, 11:40 AM

2. +1

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Response to Agent_86 (Original post)

Sun Mar 12, 2017, 06:20 AM

3. Canadians lol

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