March 5, 2024

New York State Attorney General Letitia James speaks during a press conference to announce criminal justice reform in New York City, May 21, 2021.

Brendan McDermid | Reuters

A New York judge has detained real estate giant Cushman & Wakefield in contempt of court for refusing to comply with subpoenas issued as part of a civil investigation by the attorney general at former President Donald Trump’s company.

Cushman will have to pay a fine of $10,000 per day, effective Wednesday, to comply with the subpoenas, the office of Attorney General Letitia James said.

Tuesday night’s order from Manhattan Supreme Court Justice Arthur Engoron came less than a week after he filed a contempt order against Trump himself.

Both orders were imposed for not fully complying with subpoenas from James’s office, which is investigating allegations that the Trump Organization improperly reported publicized valuations of some of its real estate assets for financial gain.

A spokesperson for the real estate company said in a statement to NBC News that the judge’s ruling “demonstrates a lack of understanding of the maximum extent to which Cushman has gone to comply with the court order.”

“We have made significant expenditures and efforts to quickly identify, collect, review and produce the massive set of documents requested by the OAG, and have now generated over hundreds of thousands of document pages and over 650 evaluations since the last subpoena issued in February 2022.”

The spokesperson added that the company “does not agree with any suggestion that the company did not exercise due diligence and good faith in complying with the court order, and we will appeal that decision.”

This is urgent news. . Please check back for updates

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *