Donald Trump threatens to sue 'Dump Trump' leader
The business mogul says Angelo Carusone's drive aimed at getting Macy's to drop him is hurting his name, to the tune of $25 million worth of damages.
Donald Trump isn't happy with the "Dump Trump" campaign, and he's willing to put a price tag on how upset it's made him: $25 million worth of annoyance.
After an activist named Angelo Carusone started a petition last year urging Macy's (M) to cut its business ties to Trump, more than 685,000 people signed on as supporters of the "Dump Trump" campaign. The petition claims that Trump engages in "sexist behavior," has denied "the reality of climate change" and has supported "the racially charged birther conspiracy."
Trump's attorney, Alan Garten, late last year sent a letter to Carusone, threatening him with a $25 million lawsuit unless he ends his protest.
"Make no mistake: your concerted efforts to harass and injure Mr. Trump, his name, reputation and business dealings are actionable under law and will not be tolerated," Garten wrote in the Dec. 27 letter.
Carusone now tells The Hollywood Reporter that he's receiving legal counsel from the nonprofit Public Citizen and that he'll continue his battle against Trump.
"I would hope that Macy’s would recognize now that the things we’ve been saying about Donald Trump are in fact accurate, and they are cause for concern,” Carusone said. "That Trump does engage in bullying and intimidation. That his brand is inconsistent with the Macy’s brand.”
But Trump's attorney alleges that the bullying is instead coming from Carusone.
"[Y]ou have apparently made it your mission to interfere with and intentionally disrupt Mr. Trump's longstanding and well-established business relationship with Macy's…through mob-like bullying and coercion," the letter claims.
Macy's has so far stood by Trump. Chief Executive Terry Lundgren responded last year by noting that the department store's merchandise and marketing didn't reflect "any political position."
Garten told the Reporter that he was surprised Carusone had made the letter public, adding that the "guy's a loser."
As for whether Trump will follow through on his threat of a lawsuit, it sounds as if the "Celebrity Apprentice" host is biding his time. In an interview with Women's Wear Daily, he said, "Whether we act on the letter or not is subject to seeing what goes on.”
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The major averages began the new trading week on a slightly lower note with small caps leading the weakness. The Russell 2000 shed 0.3% while the S&P 500 slipped less than a point with six sectors ending in the red.
Equity indices began the day in negative territory with only the Nasdaq (-0.04%) making a very brief appearance in the green. After sliding through the first hour of action, the major averages reversed and spent the remainder of the session climbing off ... More
More Market News
Like many companies this winter, the fast-food giant blamed a drop in same-store sales on the weather. But could its problems be bigger than a snowbank?
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'