News & Politics

Jared Kushner and Ivanka Trump Face New Lawsuit Over Financial Disclosures: Report

The couple allegedly failed to share information about as many as 30 investment funds.

Photo Credit: lev radin / Shutterstock.com

President Donald Trump’s daughter Ivanka and his son-in-law Jared Kushner were hit with a new lawsuit on Sunday alleging they made significant omissions on their federal financial disclosure forms.

Politico reported Sunday night that Washington lawyer Jeffrey Lovitky filed a complaint in U.S. District Court in Washington alleging that the two White House aides neglected to share information about some 30 investment funds in which they are invested. They also are accused of hiding the value of two investment vehicles in which they’re involved as well as income derived from them.

A large number of the holdings Kushner did report, the complaint states, are not listed in full detail due to “prior confidentiality agreements.”

However, Lovitky’s complaint said these agreements do not apply under the Ethics in Government Act (EIGA).

“The [Ethics in Government Act] does not allow a reporting individual to refuse to disclose the underlying assets of an investment vehicle, on the basis that such disclosure would violate a pre-existing confidentiality agreement. Nor does the EIGA allow a reporting individual to refuse to disclose the amount of income derived from any underlying asset of an investment vehicle, on the basis that such disclosure would violate a pre-existing confidentiality agreement,” said the suit.

Politico’s Josh Gerstein described Lovitky as “a health care finance lawyer who sometimes files civil rights cases.” He filed a similar suit against Pres. Trump himself earlier this year.

Kushner and Ms. Trump have been hit with repeated accusations of hiding information from federal regulators including charges that they failed to disclose millions of dollars of art in their possession. Kushner has had to revise his reports of meetings with foreign operatives and Russian banking officials multiple times, adding “more than 100 names” to the list last July.

Read the full report here.

Don't let big tech control what news you see. Get more stories like this in your inbox, every day.