A jury has ruled not to award a cent to an 87-year-old woman who filed a lawsuit claiming she was cheated in a deal she made with Donald Trump.
The lawsuit claimed that Trump lured the financial planner into purchasing two condominiums in 2006 for a total of $500,000 in one of his luxury Chicago hotels with purchase incentives that included a cut of ballroom and meeting room revenue. The suit sought upwards of $1 million in damages.
However, a clause buried deep in the contract they agreed to included a provision that would allow Trump, as the owner of the building, to make changes to the agreement as he saw fit. Trump took full advantage of this and decided to not offer the agreed incentives or any comparable replacements. The woman said she was aware of the clause prior to agreeing to the deal, but believed it was typically used in response to changes in building codes or similar situations. It is her attorney’s assertion that the only reason Trump would make the decision to remove the purchase incentives two years after the agreement was signed is that he was planning to do so the entire time.
The jury disagreed, citing the language used in the agreement, which gave Trump every right to behave the way he did. They also argued that the woman, who has years of experience managing huge sums of money, was savvy enough to understand the risks she was taking.Read More