NY Bloger

If a man as rich as Donald Trump can’t pay his bills on time then there must really be something wrong with the economy! Deutsche Bank Trust Co. has sued The Donald Trump for not paying his $640 million loan on time. Bank executives, who filed the suit in the Supreme Court of New York State last Friday, claimed that Trump violated the terms of his contract with the company involving the Trump International Hotel + Tower and that he owes them $40 million.

The legal battle came in the middle of the construction of the Hotel and Tower building. Steven Schlesinger, Trump’s lawyer, said he has not even seen the case documents yet.

However, suing and getting sued is perhaps part and parcel of Trump’s life considering that he also gets to sue just about anyone including those who make use of his name without permission. Trump recently filed a $5 million lawsuit against the Morrison Cohen Law firm for allegedly naming him in their website as one of their clients.

Trump said the law firm used his name in their advertisements and his name was all over the site making it appear that he was in love with them. On the contrary, he said, he does not even like them. It would have been different if his name was used by somebody he was happy with. Lawyer David Scharf of Morrison Cohen however claimed it is Trump’s way of getting away without paying them for a multimillion lawsuit they had won for him.

The Firm said Trump owes them $600,000 for that case and no sir, they are not budging!