On Friday, the Trump Organization and its associates received encouraging news after the New York Appellate Court Division halted New York Attorney General Letitia James’ and Judge Arthur Engoron’s effort to revoke the organization’s New York business certificates.
Engoron had previously made a decisive verdict, claiming that President Donald Trump had engaged in fraudulent activities spanning years, particularly in relation to the appraisal of his real estate assets.
Trump’s legal team filed an appeal on Friday, writing, “Supreme Court’s decision will unquestionably inflict severe and irreparable harm not only to Appellants but to innocent nonparties and employees who depend on the affected entities for their livelihoods. Terminating non-party business licenses without jurisdiction, without process, without statutory authority, without trial, and without reason renders impossible the lawful operation of multiple businesses and threatens termination of hundreds of New York employees without any jurisdiction or due process. Supreme Court clearly does not comprehend the scope of the chaos its decision has wrought.”
Eric Trump expressed his gratitude on X, writing, “We thank the Appellate Division for staying the NY Attorney General’s and Judge Engoron’s overzealous attempt to cancel our New York business certificates.
“Judge Engoron’s order erroneously sought to adjudicate the rights of non-party business entities that employ nearly 1,000 hard-working New Yorkers, have never been accused of any wrongdoing and, were never given their day in court – in clear violation of their fundamental Constitutional rights and Due Process. We will continue to vigorously defend our company and our incredible employees from this politically-motivated persecution.”
AG James initiated the lawsuit, claiming that Trump and his businesses consistently provided misleading figures to financial establishments, inflating the value of assets to ensure favorable loan conditions and insurance premiums.
One allegation claimed that Trump exaggerated his net worth by amounts ranging from $812 million to as much as $2.2 billion annually. James was suing for $250 million in fines, as well as seeking to ban Trump from doing business in New York.
Initially, Engoron’s decision would have annulled several Trump owned business licenses and ordered an impartial supervisor continually assess the Trump Organization’s operations. Engoron criticized the Trump Organization’s valuation methods, highlighting incongruencies in asset appraisals.
On Friday Trump’s lawyer, Alina Habba, gave viewers an inside look into how his New York civil case is progressing, saying upcoming developments are “not gonna go so well” for James.
“This court, which we strongly believe we shouldn’t have been in, we’ve been fighting hard. And I’ve gotta tell you: their key witness, you know, came up, he said frankly everything I wanted him to say perfectly and I looked over and I think that we’re doing very well and it’s not going to go so well for Letitia James,” said Habba.
“At the end of the day, the Trump Organization did nothing wrong and they’re using a consumer fraud statute inappropriately against a private business. It’s not supposed to happen and it’s a very scary precedent for New Yorkers,” she added.
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