More eye-popping legal news on Friday as New York Judge Arthur Engoron issued a 92-page ruling in which he ordered former President Donald Trump and others in the Trump organization to pay fines of roughly $350 million, in addition to barring them from serving as officers or directors in any New York corporation or legal entity for the next several years.
This ruling comes in the civil fraud trial brought by New York Attorney General Letitia James against the former president. James had asked the court to order $370 million in fines. (No word yet on why the judge declined to go the full monty.)
There will undoubtedly be additional analysis of the ruling, and we can be assured the Trump team will appeal it, but here is the barebones breakdown for now:
- Donald Trump, the Donald J. Trump Revocable Trust, the Trump Organization, Inc., Trump Organization LLC, DJT Holdings LLC, DJT Holdings Managing Member, Trump Endeavor 12 LLC, 401 North Wabash Venture LLC, Trump Old Post Office LLC, 40 Wall Street LLC, are jointly and severally liable to plaintiff in the amount of $168,040,168, with pre-judgment interest from March 4, 2019
- Donald Trump, the Donald J. Trump Revocable Trust, the Trump Organization, Inc., and Trump Organization LLC, and the Trump Old Post Office LLC are jointly and severally liable to plaintiff in the amount of $126,828,600, with pre-judgment interest from May 11, 2022
- Donald Trump, the Donald J. Trump Revocable Trust, the Trump Organization, Inc., and Trump Organization LLC are jointly and severally liable to plaintiff in the amount of $60,000,000, with pre-judgment interest from June 26, 2023
- Eric Trump is liable to plaintiff in the amount of $4,013,024, with pre-judgment interest from May 11, 2022
- Donald Trump, Jr. is liable to plaintiff in the amount of $4,013,024, with pre-judgment interest from May 11, 2022
- Allen Weisselberg is liable to plaintiff in the amount of $1,000,000, with pre-judgment interest from January 9, 2023
- Allen Weisselberg and Jeffrey McConney are hereby permanently enjoined from serving in the financial control function of any New York corporation or similar business entity registered and/or licensed in New York State
- Donald Trump, Allen Weisselberg, and Jeffrey McConney are hereby enjoined from serving as an officer or director of any New York corporation or other legal entity in New York for a period of three years
- Donald Trump, the Donald J. Trump Revocable Trust, the Trump Organization, Inc., Trump Organization LLC, DJT Holdings LLC, DJT Holdings Managing Member, Trump Endeavor 12 LLC, 401 North Wabash Venture LLC, Trump Old Post Office LLC, 40 Wall Street LLC, are hereby enjoined from applying for loans from any financial institution chartered by or registered with the New York Department of Financial Services for a period of three years
- Eric Trump and Donald Trump Jr. are hereby enjoined from serving as an officer or director of any New York corporation or other legal entity in New York for a period of two years.
Of note, Judge Engoron did vacate his September 26, 2023 directive canceling the defendants' business certificates.
The full ruling may be viewed below:
452564 2022 People of the State of v People of the State of Decision After Trial 1688 by Susie Moore on Scribd
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