Sunday, April 14, 2024
Sunday, April 14, 2024
Sunday, April 14, 2024

NY Attorney General Seeks Injunction Against Trump in $250 Million Lawsuit

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New York Attorney General Letitia James has taken legal action to prevent former President Donald Trump from potentially transferring assets to evade liability in a $250 million civil lawsuit. On Thursday, James filed for a preliminary injunction aimed at halting any movement of assets by Trump that could undermine the state’s legal pursuit, Your Content has learned.

The lawsuit, which accuses Trump of financial misconduct related to his family business, prompted immediate concern from investigators after the Trump Organization registered a new entity, Trump Organization II, on the same day the lawsuit was filed last month. This move raised suspicions that Trump might attempt to shift assets from the original Trump Organization, which is under scrutiny, to the newly formed entity, thereby complicating efforts to hold him accountable.

In a statement, the Attorney General’s office highlighted that the Trump Organization has not provided sufficient assurances that it will refrain from transferring assets out of New York. This lack of guarantee has prompted the state to seek judicial intervention to ensure that the assets remain within reach of legal action.

Responding to the allegations, Trump’s attorney, Alina Habba, countered the Attorney General’s claims by stating that the Trump team had indeed provided assurances that they would not engage in moving assets in a manner that would evade the lawsuit’s implications.

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The legal battle represents a significant escalation in the ongoing conflict between the New York Attorney General and Donald Trump. The outcome of the injunction request could have profound implications for the lawsuit’s progression and the ability of the state to secure assets that may be subject to penalties or restitution if wrongdoing is proven,‘according to ABC News.

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