BREAKING: A judge approved the New York attorney general’s request to appoint a monitor for Trump Organization assets.
a request by the New York attorney general for an order prohibiting the Trump Organization and prohibited any proposed transfers of substantial assets without prior notice to the Court, the AG and the monitor, while a state lawsuit against the company moves forward.
New York Attorney General Letitia James' office was seeking a preliminary injunction, alleging in a court filing that the company"appears to be taking steps to restructure its business to avoid" liability and payment of any damages in ain September. The suit alleges a widespread effort to manipulate property valuations by former President Donald Trump and his eponymous company. It seeks $250 million and an end to the company's operations in the state.
The day the lawsuit was filed, the company incorporated a new entity with the state, called Trump Organization II LLC. The entity was registered days before in Delaware."Defendants are hereby ordered to provide the monitor with a full and accurate description of the structure and liquid and illiquid holdings and assets of the Trump Organization, it subsidiaries, and all other affiliates, no later than two weeks after the monitor's appointment," Judge Arthur F.
A similar federal suit filed in the Northern District of New York in December 2021 was dismissed in May. The judge in the case said there was little proof James' office was motivated by political animus, and"no evidence" subpoenas in the attorney general's investigation had"been conducted in such a way as to constitute harassment.
Attorneys for Donald Trump Jr., Eric Trump and Ivanka Trump did not immediately reply to a request for comment, nor did attorneys for Trump and the company.
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