Trump Unit Drops $100M Suit Over Calif. Development Delays

Law360, New York (November 7, 2012, 3:50 PM EST) -- The owner of Trump National Golf Club on Tuesday tossed its $100 million suit accusing a California city and several contractors of wrongfully delaying the approval process of a luxury residential development on the property with environmental studies.

U.S. District Judge Margaret M. Morrow dismissed the four-year-old suit with prejudice after VH Property Corp., the entity that owns the property, and the city of Ranchos Palos Verdes, Calif., resolved their differences and put in place a newly modified, two-year extension of the development agreement that governs...
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