So this RecessMas it looks like Donald Trump is going to be armpit deep in a hefty lawsuit.
Last month, the Trumpster filed suit against Deutsche Bank in New York State Supreme Court in Queens asking the bank to look the other way on a fat $330 million payment and extend the loan indefinitely for the construction of Trump International Hotel & Tower on the Chicago River.
And here we thought $330 million was chump change to Mr. Trump!
Well, now, Deutsche is firing back with its own suit, claiming that the Trumpster owes the bank $40 million after defaulting on the $640 million construction loan.
Ouch!
Despite the suits, Trump claims that construction will be completed within the next 5 months and that a new agreement for the building’s continued construction should be finalized within the week.
Merry RecessMas!
[Image via WENN.]