NY AG seeks summary judgement in $250 million Trump lawsuit
In addition to four criminal indictments, former President Donald Trump is battling various civil lawsuits — including one from New York State Attorney General Letitia James, who has been aggressively probing the Trump Organization's finances.
The Guardian's Martin Pengelly reports that James "is seeking summary judgment in her multimillion-dollar civil suit against the Trump Organization over its financial affairs." The Democratic New York AG has accused Trump's company of greatly exaggerating its net worth.
In a state filing, James office alleges, "Mr. Trump's net worth in any year between 2011 and 2021 would be no more than $2.6bn, rather than the stated net worth of up to $6.1bn, and likely considerably less if his properties were actually valued in full-blown professional appraisals."
The Guardian reporter notes that the civil trial in James' lawsuit is set for October.
According to Pengelly, "James is seeking $250m and for Trump and his sons to be disqualified from running businesses in New York. The former president denies all wrongdoing, claiming political persecution in civil lawsuits concerning his business affairs and a defamation claim arising from a rape allegation as well as over 91 criminal counts regarding election subversion, retention of classified documents and hush-money payments."
Read The Guardian's full report at this link.
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