A sweeping lawsuit accusing former President Donald Trump of exaggerating his net worth by billions of dollars will go to trial in New York on Monday, an appeals court ruled Thursday, striking down Trump’s attempt to delay the trial just two days after a judge ruled that he defrauded lenders and ordered the dissolution of his New York-based businesses.
Former US President and 2024 presidential hopeful Donald Trump speaks at Drake Enterprises, an ... [+]
New York Attorney General Letitia James’ civil fraud case against Trump will go to trial on Monday, as scheduled, the state’s appellate court ruled Thursday.
The decision comes after Judge Arthur Engoron, who will preside over the trial, issued a partial judgment in the case Tuesday that validated a key component of James’ lawsuit: that Trump defrauded lenders by overinflating the value of his assets and overall net worth.
Engoron’s order canceled business certificates for some of Trump’s New York-based companies and ordered a receiver to dissolve them.
The trial will address six other claims in the lawsuit, including conspiracy, falsifying business records and insurance fraud, and determine the outcome of James’ demand for $250 million in penalties against Trump.
This is a developing story and will be updated.