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

Nov 7, 2022, 12:28 AM | Updated: 2:34 pm
FILE - The Trump International Hotel and Tower is seen looking north on Wabash Ave. in Chicago's fa...

FILE - The Trump International Hotel and Tower is seen looking north on Wabash Ave. in Chicago's famed Loop, on Sept. 17, 2014. A Manhattan judge said Thursday, Nov. 3, 2022, that he will appoint an independent monitor for former President Donald Trump’s real estate empire, restricting his company's ability to freely make deals, sell assets and change its corporate structure. (AP Photo/Charles Rex Arbogast, File)

(AP Photo/Charles Rex Arbogast, File)

NEW YORK (AP) — Former President 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. They are also seeking a stay to prevent Engoron’s ruling from taking effect while the appeal is pending.

In court papers, the company’s lawyers argued that Engoron overstepped his bounds by requiring an outside watchdog keep tabs on the Trump Organization for the duration of Attorney General Letitia James’ civil case.

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.

A message seeking comment was left with James’ office.

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.

James, a Democrat, is seeking $250 million and a permanent ban on Trump, a Republican, doing business in the state.

James’ office sought an independent monitor after it said it found evidence that showed the company was taking steps to dodge potential penalties from the lawsuit, such as incorporating a new, similarly named entity — Trump Organization LLC — in September, just before the lawsuit was filed.

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.

Christopher Kise, a lawyer for the Trump Organization, said in a statement that Engoron’s order “grossly expands” the power of New York’s attorney general “to interfere in private commercial transactions” and “imposes vague and onerous obligations which will impede the operations of an extraordinarily successful business empire.”

Engoron barred the Trump Organization from selling or transferring any noncash assets without giving the court and James’ office 14 days notice. The to-be-named monitor will be charged with ensuring the company’s compliance and will immediately report any violations to the court and lawyers for both sides.

The Trump Organization also must grant the monitor access to its financial statements, asset valuations and other disclosures, must provide a full and accurate description of the company’s structure and must give the monitor at least 30 days notice of any potential restructuring, refinancing or asset sales, Engoron said.

Engoron set a Thursday deadline for lawyers from James’ office and the Trump Organization to each submit a list of up to three monitor candidates. After that, Engoron said, the parties will have five days to comment on the other side’s candidates before he makes his choice.

That timeline is moot if the appellate court issues a stay blocking Engoron’s ruling. In that case, the Trump Organization would be spared a monitor unless the appellate court either rejects the company’s appeal or upholds Engoron’s decision.

__

Follow Michael Sisak on Twitter at twitter.com/mikesisak

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

President Joe Biden listens as French President Emmanuel Macron speaks before a toast during a Stat...
Associated Press

Germany welcomes Biden comments in trade dispute

BERLIN (AP) — Germany on Friday welcomed President Joe Biden’s apparent willingness to discuss tweaking U.S. legislation that European leaders say unfairly discriminates against their industries. Biden acknowledged during a visit to Washington by French President Emmanuel Macron on Thursday that there were “glitches” in the Inflation Reduction Act, which favors American-made climate technology for […]
1 day ago
Associated Press

Parcels with animals’ eyes sent to Ukrainian embassies

KYIV, Ukraine (AP) — Ukrainian embassies and consulates in six European countries have received packages containing animals’ eyes in recent days, a Ukrainian official said Friday. Foreign Ministry spokesman Oleh Nikolenko wrote on Facebook that the “bloody parcels” were received by the Ukrainian embasses in Hungary, the Netherlands, Poland, Croatia and Italy, as well as […]
1 day ago
Associated Press

US cancels trip by LGBTQ envoy to Indonesia after objection

JAKARTA, Indonesia (AP) — The United States has canceled a trip to Indonesia by a special envoy on LGBTQ rights after the country’s most influential Islamic group objected to the visit. Special envoy Jessica Stern was to have visited Indonesia next week as part of a trip to Southeast Asia. The Indonesian Ulema Council issued […]
1 day ago
Associated Press

Israeli peace activists show presence in West Bank hot spot

HEBRON, West Bank (AP) — Dozens of Israeli peace activists toured the occupied West Bank’s largest city Friday in a show of solidarity with Palestinians, amid chants of “shame, shame” from ultra-nationalist hecklers. The encounter in the center of Hebron signaled the widening rift among Israelis over the nature of their society and Israel’s open-ended […]
1 day ago
FILE — South Africa's President Cyril Ramaphosa arrives at 10 Downing Street to meet Britain's Pr...
Associated Press

EXPLAINER: Why South Africa’s president might lose his job

JOHANNESBURG (AP) — South Africa’s president might lose his job, and his reputation as a corruption fighter, as he faces possible impeachment over claims that he tried to cover up the theft of millions of dollars stashed inside a couch on his farm. The allegations brought by a political rival have led to a damning […]
1 day ago
Associated Press

Greece: Italian embassy vehicle destroyed in firebombing

ATHENS, Greece (AP) — An overnight arson attack destroyed a car used by a senior official at the Italian embassy in Athens, an incident that authorities in Greece and Italy condemned Friday. Italian Prime Minister Premier Giorgia Meloni offered solidarity to the official and expressed “profound concern for the attack against her, probably of an […]
1 day ago

Sponsored Articles

Comcast Ready for Business Fund...
Ilona Lohrey | President and CEO, GSBA

GSBA is closing the disparity gap with Ready for Business Fund

GSBA, Comcast, and other partners are working to address disparities in access to financial resources with the Ready for Business fund.
SHIBA WA...

Medicare open enrollment is here and SHIBA can help!

The SHIBA program – part of the Office of the Insurance Commissioner – is ready to help with your Medicare open enrollment decisions.
Lake Washington Windows...

Choosing Best Windows for Your Home

Lake Washington Windows and Doors is a local window dealer offering the exclusive Leak Armor installation.
Anacortes Christmas Tree...

Come one, come all! Food, Drink, and Coastal Christmas – Anacortes has it all!

Come celebrate Anacortes’ 11th annual Bier on the Pier! Bier on the Pier takes place on October 7th and 8th and features local ciders, food trucks and live music - not to mention the beautiful views of the Guemes Channel and backdrop of downtown Anacortes.
Swedish Cyberknife Treatment...

The revolutionary treatment of Swedish CyberKnife provides better quality of life for majority of patients

There are a wide variety of treatments options available for men with prostate cancer. One of the most technologically advanced treatment options in the Pacific Northwest is Stereotactic Body Radiation Therapy using the CyberKnife platform at Swedish Medical Center.
Work at Zum Services...

Seattle Public Schools announces three-year contract with Zum

Seattle Public Schools just announced a three-year contract with a brand-new company to the Pacific Northwest to assist with their student transportation: Zum.
Trump’s company appeals judge’s decision to appoint monitor