Trump sues developer over unfinished Mexico condos

Trump sues developer over unfinished Mexico condos The Associated Press Posted: 04/09/2009 09:34:07 PM PDT Updated: 04/09/2009 09:34:08 PM PDT LOS ANGELES—Donald Trump has filed a federal lawsuit against a Los Angeles developer that paid to use his name on a condominium project in Mexico that has not been built. The real estate tycoon filed the lawsuit Thursday in New York against Irongate Wilshire LLC. The filing comes one month after dozens of luxury condo buyers sued Trump and the developer to get them to return $32 million in down payments. Trump's $40 million lawsuit accuses Irongate principals Jason Grosfeld and Adam Fisher of failing to build the five-star resort near Tijuana, where units sold for $275,000 to $3 million. Trump says he withdrew from the project in February because Irongate ran out of money. Last month, the developer said it would not complete the Baja development. Grosfeld and Fisher could not be reached for comment.