REFinBlog

Editor: David Reiss
Brooklyn Law School

September 23, 2022

The NYAG Lawsuit against Trump

By David Reiss

NY Attorney General James

I was interviewed by Reuters in Explainer: What New York’s lawsuit means for Trump regarding the lawsuit that New York Attorney General James filed against former President Trump and others in his circle. The video is here. The transcript reads in part,

The lawsuit seeks to have Trump and the other defendants give up $250 million in what she says were false financial gains.

James is also seeking to bar Trump and three of his children – Donald Trump Jr, Eric Trump and Ivanka Trump – from serving as directors of companies registered in New York…

and prevent them and their company from buying commercial real estate or getting bank loans in New York state for five years.

She is also seeking to appoint an independent monitor at the Trump Organization to oversee various aspects of its business for five years.

Trump, who is considering running again for president in 2024, is expected to contest the litigation. But David Reiss, a professor at Brooklyn Law School, sees another possibility…

“…He’s been very effective at pushing final outcomes in his legal battles years down the road, and maybe that’s a good enough strategy for him. That’s possible. The other possibility, even though he doesn’t say this on Twitter, is he may settle.”

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