12/2/2008

Deutsche Bank Trust Co. Americas has filed a lawsuit claiming that Donald Trump owes the bank $40 million after allegedly defaulting on a $640 million construction loan. The loan in question was for Trump International Hotel & Tower in Chicago. Meanwhile, Trump said construction of the building will be completed within five months. Trump last month filed suit against Deutsche Bank in an attempt to excuse a repayment of more than $330 million. Meanwhile, Trump's company this week received about $13.2 million from Deutsche Bank to continue funding the construction of the building.

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