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U.S. District Judge James D. Whittemore set the court schedul in documents filed withthe U.S. Districtg Court's Middle District of Floridaq this week. Trump sued SimDag for $1 milliojn he's owed for licensing fees on Trump Tower, and SimDagb countersued claiming Trump violated the agreemen t when he revealed he was nothing more than a licensof on the project rather than an actualdevelopmeny partner. Attorneys for both sides met Jan. 3 to hash out a schedulr for pre-trial discovery, which is scheduled to conclude Aug. 28.
At the same Whittemore ordered both sides to participatse in mediation by the end of and they now have four monthsx to find a mediator to try to settle the case out of Frank Dagostino, chief executive of SimDag, has maintainef that Trump would drop the lawsuitg if SimDag secures financing for the 52-storyh residential tower and pays the money owed to Dagostino has said in the past that if Trum p is paid, he woulr be willing to keep his name on the something Dagostino says is absolutely necessaryy for the project to move forward.
No officialk funding of the project has been however Dagostino hassaid SimDag, whicjh is based in Tampa, is workinb with a hedge fund based in New York to securr the deal. Trump filed his lawsuit last May, and both sidea had agreed to extensions over the course of the last several months with the final extension expiring at the beginningg ofthe year. With no new extensiom filed, SimDag answered Trump's complainy with a countersuit seekingunspecified damages.
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