Trump Sues Lenders for Chicago Tower

The Donald named in suit

(NEWSER) - Donald Trump has been named in a lawsuit claiming that his “Trump University” real estate course is a scam. The $1,500 course, which wasn’t accredited and offered no degree, promised to impart “insider” knowledge and give students the chance to be “my next apprentice.” But now a few of the people who took the course say it was essentially an “infomercial,” pushing them to spend $35,000 for the “Trump gold elite” course. More»

$1B suit may be first of many

(NEWSER) - The federal government is suing Deutsche Bank for $1 billion over shoddy mortgages that cost taxpayers hundreds of millions of dollars. The suit accuses the lender of lying to the government while arranging federal insurance on mortgages that it had recklessly approved for poor credit risks, reports the Los Angeles Times . Analysts believe the suit may mark the beginning of a major push to punish lenders for their role in the financial crisis. More»

Claims 'lost earnings,' even though she got a book deal...

(NEWSER) - The Miss California drama isn’t over yet: dethroned Carrie Prejean is filing a lawsuit against the organization, reports Perez Hilton, who snagged a copy of the complaint. Prejean names Keith Lewis and Shanna Moakler, but not Donald Trump, as defendants in her suit for—among other things—slander, libel, and religious discrimination. Lawyers for both sides are in talks to handle the matter through mediation, sources say. More»

(NEWSER) - A financial firm is suing Vanity Fair photographer Annie Leibovitz for failing to cooperate to repay a $24 million loan, reports the Telegraph. Leibovitz last year put up her photographs and two homes as collateral for the money to pay off debts. But now Art Capital Group said the 59-year-old photographer is engaging in "boldly deceptive" conduct to dodge selling some of that property to begin repaying the debt. More»

The Donald took issue with being called mere multi-millionaire

(NEWSER) - Donald Trump will have to live with being regarded as somewhat less astronomically wealthy, the Philadelphia Inquirer reports, after a judge today dismissed his defamation suit against Timothy O’Brien, author of TrumpNation. O’Brien estimated that Trump is worth $150-$250 million; Trump says he’s worth billions, and claimed that the under-assessment spoiled huge business deals he was negotiating when the book was published. More»