Alleging a widespread effort to manipulate property valuations by former President Donald Trump, three of his children, and their eponymous company, New York Attorney General Letitia James announced Wednesday her office is suing them, seeking $250 million and an end to their operations in the state.
During the press conference, James said she was seeking to dissolve Trump’s company, but later clarified that dissolution is not among the remedies being sought by her office.
James’ office is asking a judge to revoke the Trump Organization’s business certificate, effectively barring it from doing business in New York. Her office is seeking to permanently bar Trump and his children named in the suit from serving as officer or director of any business entity in New York, including their family’s company. It is also requesting a five-year ban on Trump and the company from acquiring real estate in New York or applying for loans from any New York-based company.
In a statement to CBS News, Alina Habba, an attorney for Donald Trump, said “today’s filing is neither focused on the facts nor the law – rather, it is solely focused on advancing the Attorney General’s political agenda.”
“It is abundantly clear that the Attorney General’s Office has exceeded its statutory authority by prying into transactions where absolutely no wrongdoing has taken place,” Habba said. “We are confident that our judicial system will not stand for this unchecked abuse of authority, and we look forward to defending our client against each and every one of the Attorney General’s meritless claims.”