Trump Sued Over Clothes Licensing Deal
July 29, 2011 by UPI - United Press International, Inc.
NEW YORK, July 29 (UPI) — Donald Trump is being sued in New York by a firm that arranged a clothing licensing deal and says he cut off payments.
The real estate tycoon’s company hired ALM International in 2003 to make licensing deals, and ALM helped broker a deal with PVH (formerly Phillips-Van Heusen) to put his name on dress shirts and neckties, court papers state.
The plaintiff, now called ALM Unlimited, charges Trump improperly stopped paying in 2008 after years of personally signing its checks, for a total exceeding $300,000.
“Part of the art of the deal is to comply with the deal, to fulfill your responsibilities,” ALM attorney Jay Itkowitz told USA Today, quoting the title of a Trump book. “We argue that he hasn’t done that.”
“This lawsuit is without merit and is very insignificant,” Trump said this week, and his lawyer has moved to dismiss the case.
Testifying in a deposition, Trump said the payments were a mistake because he was unaware of them, and, “I don’t feel that these people did very much, if anything, with respect to this deal.”
Trump attorney George Ross, also under oath, said ALM was entitled to far less than it received, but Cathy Glosser, Trump’s executive vice president of global licensing, said Ross told her “to see to it that ALM got paid.”