Court Okays Fraud Suit Against Trump Hotel Company

The Hill reports:

U.S. District Judge Edgardo Ramos, an Obama-appointee, decided a former business partner of Trump International Hotels Management could amend its lawsuit against the company to include claims of fraud and breach of contract, according to the ruling obtained by The Hill.

The business partner Orestes Fintiklis and his fund Ithaca Capital Investments obtained control of the Panama City property in question in March 2018 after the Trump company withdrew from it.

Fintiklis and Ithaca, which had purchased most of the units in the project, sought to add claims to the lawsuit that it could face millions of dollars in liabilities because Trump’s company allegedly underpaid taxes on its management fees.

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