Trump Hotel, Vegas Condo Buyers Settle Securities Action

Law360, New York (November 23, 2011, 1:41 PM EST) -- A Nevada federal judge on Tuesday signed off on a settlement between the owners of the Trump International Hotel in Las Vegas and a proposed class of condo buyers in the 64-story building who alleged their purchase agreements were actually investment securities.

The terms of the settlement weren't disclosed. A Trump spokesman welcomed the end of the case, and attorneys for the plaintiffs didn't immediately respond to requests for comment Wednesday.

The condo buyers alleged in their 2008 complaint that what the tower's owners sold them...
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