Trump Org. tries to figure out the future of its business after fraud ruling

  • 📰 CNN
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Trump Organization is trying to determine the sweep of Tuesday’s ruling that Donald Trump is liable for fraud and what it means for the future of the former president’s namesake business, his attorneys say.

At a pre-trial hearing Wednesday, Trump attorneys said they didn’t know to which part of the company the ruling applied and were starting to work on what it meant in terms of what would need to be dissolved to comply with the judge’s surprise decision.

Addressing the uncertainty from Trump on when receiver would manage the dissolution of Trump’s corporate entities, Engoron extended the timeline to 30 days to come up with a plan for the receivership, up from the original 10. The trial, despite Tuesday’s ruling which addressed part of the charges, will still proceed on Monday as scheduled, the judge said. But Trump attorney Christopher Kise said there are more questions.

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:

 /  🏆 4. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Judge revokes Trump’s NY business licenses, finds he committed fraud by inflating wealthManhattan Supreme Court Justice Arthur Engoron found Trump, 77, his family and Trump Organization business liable for fraud — the key claim in New York AG Letitia James’ sprawling lawsuit aga…
Source: nypost - 🏆 91. / 67 Read more »