Donald Trump SUED Over Hotel Loan

by **J The Kidd** Mon Dec 01, 2008 3:26 pm

Real-estate tycoon Donald Trump is the target of a new lawsuit
accusing him of defaulting on a $640 million construction loan for a
Chicago, Illinois property.

Deutsche Bank Trust Co. Americas bosses filed suit against Trump in
New York State Supreme Court in Manhattan on Friday. Executives claim
Trump owes $40 million after violating terms of his debt contract with
the company for his Trump International Hotel & Tower, reports The
Chicago Tribune.

The building's construction is scheduled for completion early next
year. An attorney representing Deutsche Bank has declined to comment,
while Trump's attorney, Steven Schlesinger, says he has yet to see the
suit.