Trump’s company appeals judge’s decision to appoint monitor

  • 📰 politico
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

Business News News

Business Business Latest News,Business Business Headlines

Donald Trump’s company is appealing a judge’s decision to appoint an independent monitor to oversee its business dealings while it is being sued for fraud by New York’s attorney general.

Lawyers for the Trump Organization filed paperwork Monday seeking to challenge Manhattan Judge Arthur Engoron’s decision, issued last Thursday, in a mid-level state appellate court. | Joe Raedle/Getty ImagesNEW YORK — Former President

Engoron’s ruling, the lawyers said, essentially handcuffed the company — restricting its ability to freely make deals, sell assets and change its corporate structure, and putting “immediate and unlawful prejudgment restraint” on what they said was nearly $5 billion in assets.James’ lawsuit, the product of a three-year investigation, alleges Trump and the Trump Organization misled banks and others about the value of prized assets, including golf courses and hotels bearing his name.

Engoron wrote in an 11-page order that Trump and the Trump Organization “demonstrated propensity to engage in persistent fraud” and that appointing an outside monitor “is the most prudent and narrowly tailored mechanism to ensure there is no further fraud or illegality” pending the resolution of the lawsuit.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Of course they are. Trump p,any book 101 avoid accountability at all costs.

Yeah…that didn’t work out like they thought it would the last time lolz

Don’t mess with the grift, losers! The donald’s working over here!

He has spent most of his life appealing judges decisions or trying to shirk the law. And somehow people think he has had a great life. No thanks.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 381. in BUSİNESS

Business Business Latest News, Business Business Headlines