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Dissolving Trump Corporate Entities

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legal2 years ago

Trump's Attempt to Halt New York Fraud Trial Met with Resistance

Lawyers for Donald Trump may seek a pause in his ongoing $250 million business fraud trial in New York and a stay of the judge's order related to dissolving Trump corporate entities. The trial, brought by the New York Attorney General, alleges that Trump and his company misstated property values to obtain better loan terms and tax advantages. The judge had issued a summary judgment finding that the defendants engaged in business fraud and canceled business certificates held by them. The judge also ordered the appointment of an independent receiver to manage the dissolution of the businesses. Trump may have to testify at some point in the trial, which is set to last until late December.