Settlement Details
All persons who purchased hotel units from Talon International Inc. in the hotel portion (the “Trump Hotel”) of the Trump International Hotel and Tower Toronto may be eligible for compensation.
The Ontario Superior Court of Justice has approved the settlement of this class action against Talon International Inc. on behalf of the Class. The class action alleged that the Estimated Return on Investment documentation proffered by Talon contained negligent misrepresentations regarding the potential revenue that could be earned as the owner of a Hotel Unit.
What Does the Settlement Provide
The Defendant has agreed to pay the all-inclusive sum of $5,750,000 (CAD) to settle the claim. The Settlement Agreement constitutes a compromise of all disputed claims, without any admission or findings of liability or wrongdoing against the Defendant.
The detailed terms of the Proposed Settlement are set out in the Settlement Agreement between the parties. The Settlement Agreement and Distribution Protocol can be found here.
How to Make a Claim
The deadline to submit a claim has now passed.
Check out the Frequently Asked Questions section for more details on the Settlement.
Important Dates
Claim Deadline: May 19, 2023