7th Circ. Denies Deposit Refund To $2.2M Trump Condo Buyer

Law360, New York (April 10, 2013, 7:20 PM EDT) -- The Seventh Circuit on Wednesday affirmed a lower court's decision to reject a Chicago condominium buyer's effort to retrieve his $456,426 deposit after the owner of the Trump-branded tower allegedly made material changes to the building without a majority of buyers' approval.

In the published decision, the appeals court ruled that, as the district court had found, 401 North Wabash Venture LLC had no obligation to return the deposit to plaintiff Michael Burke because it was clear in the purchase documents that the so-called material change...
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