![]() The case is among many legal battles Trump faces as he mulls a 2024 bid for the presidency. James sued the company and Trump's family in September, following a more than three-year probe. The Trump Organization manages hotels, golf courses and other real estate around the world. "The alternative is, we're in the wild, wild west," he said. Kevin Wallace, a lawyer from James' office, countered that it was important to the public to maintain an "honest and fair business environment" in the state. "There's just no public interest here at all," Kise said, calling the alleged fraud a matter of "corporate titans versus corporate titans." He said James had no legal authority to challenge how Trump valued his properties, calling it a private matter between Trump's company and its lenders and insurers. ![]() Kise argued that James' demand for a monitor was a "manufactured emergency" ahead of next Tuesday's midterm election. "But does there reach a point it's just not a disagreement. "You said experts can disagree" on valuation, the judge told Christopher Kise, a lawyer for Trump at a hearing on Thursday. No apartment in Manhattan has sold for that much. The judge's decision focused on several alleged instances of fraud, including Trump's claim that his penthouse apartment atop Manhattan's Trump Tower was nearly triple its actual size, giving it an inflated $327 million valuation in 2015. 10 to recommend three candidates to become a monitor. In a statement, James called the decision a "major victory" that will stop Trump and his companies from continuing "the extensive fraud that we uncovered." She also noted that the judge found her claims likely to succeed at trial.īoth sides have until Nov. The decision bars the defendants from transferring assets without court approval, and requires that the monitor receive a "full and accurate description" of the Trump Organization's structure and assets.Įngoron said his skepticism was bolstered by Trump's decision to invoke his constitutional right against self-incrimination more than 400 times when questioned under oath by James' office in August. ![]() Separately, the Trump Organization referred to next week's midterm elections in saying the decision "sets a dangerous precedent for government interference in private enterprise and is an obvious attempt to influence the outcome of the upcoming election." ![]() "A puppet judge of the New York Attorney General and other sworn enemies of President Trump and the Republican Party has just issued a ruling never before seen anywhere in America," Trump said. Trump blasted what he called Engoron's "ridiculous" decision, one day after suing James, a Democrat, in a Florida court to stop what Trump labeled her "inquisition." ![]()
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