17 C
London
Friday, October 7, 2022

Judge holds real estate firm in disdain for documents in Trump investigation

Must read

Sign up for “Power Up with E-mobility”, a TE Connectivity Startup Challenge

TE Connectivity develops high-tech electrical, data and sensing solutions for electric vehicles, aircraft, digital factories and smart homes. By partnering with its customers,...

Rupee drops 16 paise to all-time low of 82.33 against the US dollar in early trading

On Thursday, the Indian currency closed below the ₹82 level against the greenback for the first time. The Reserve Bank of India...

Miki Yim: Untold Details About Fast & Furious Actor Sung Kang .’s Wife

Miki Yim is recognized as the wife of an American actor Sung Kango who is famous for his central character Han Lue in the...

Biden Warns of Nuclear ‘Armageddon’ as Putin’s Military Battle

President Joe Biden said on Thursday that the risk of nuclear "Armageddon" is the highest in 60 years after Russian President Vladimir Putin renewed...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

A commercial real estate company that has appraised various Trump Organization properties is being scorned by a state judge for failing to hand over documents in a civil investigation led by the New York Attorney General.

As of Thursday, Cushman & Wakefield will be fined $10,000 a day until it produces documents more than a week late at New York Attorney General Letitia James’ Office, according to a court order filed Tuesday.

James’s office has subpoenaed the documents as it considers filing a civil suit against former President Donald Trump and his company. In a previous filing, James’s office said it has found “substantial evidence demonstrating numerous misrepresentations in Mr. Trump’s financial statements provided to banks, insurers and the Internal Revenue Service.”

Trump and his company have denied any wrongdoing, with the former president at one point calling the probe “a continuation of the greatest witch hunt of all time.”

The contempt warrant is the latest development in a protracted legal battle that began when James’ office sent subpoenas against Cushman & Wakefield in September and again in February.

The real estate company had “partially responded” to the subpoenas in March before refusing to provide the remaining details, state judge Arthur Engoron said in Tuesday’s contempt warrant.

While acknowledging the “huge number of documents” requested in the investigation, Engoron said, “Cushman & Wakefield only has itself to blame if it chooses to cavalier with the looming deadlines.”

Last week, two days after a deadline to comply with subpoenas over previous delays, Cushman & Wakefield filed a request for a postponement. Engoron turned down the request on Tuesday.

“For starters, the court is in disbelief as to why Cushman & Wakefield would wait until two days after the court-mandated time limit expired to start the trial to request another extension,” Engoron wrote.

NBC News has asked Cushman & Wakefield for comment.

In a letter to Engoron on Tuesday, attorneys for the real estate company said it had “produced more than 850,000 pages of material” in response to James’s subpoenas and that a multimillion-page “document dump” would delay its investigation.

In a related statement last week, Engoron said Trump no longer held contempt of court, about two months after denouncing Trump for a slow response to a civil subpoena from James’s office. Trump paid $110,000 in fines for the contempt last month.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up for “Power Up with E-mobility”, a TE Connectivity Startup Challenge

TE Connectivity develops high-tech electrical, data and sensing solutions for electric vehicles, aircraft, digital factories and smart homes. By partnering with its customers,...

Rupee drops 16 paise to all-time low of 82.33 against the US dollar in early trading

On Thursday, the Indian currency closed below the ₹82 level against the greenback for the first time. The Reserve Bank of India...

Miki Yim: Untold Details About Fast & Furious Actor Sung Kang .’s Wife

Miki Yim is recognized as the wife of an American actor Sung Kango who is famous for his central character Han Lue in the...

Biden Warns of Nuclear ‘Armageddon’ as Putin’s Military Battle

President Joe Biden said on Thursday that the risk of nuclear "Armageddon" is the highest in 60 years after Russian President Vladimir Putin renewed...

Did Kim Kardashian Really Deserve That Crypto Fine? • londonbusinessblog.com

Image Credits: londonbusinessblog.com This week has been a weird week for crypto as reality TV superstar Kim Kardashian was one of the first celebrities to...