A judge’s unusually sweeping ruling in a civil case accusing Donald Trump of inflating property values could force him to sell his famed New York real estate.
A New York judge’s sweeping ruling on Tuesday punishing Donald Trump for years of alleged
Experts said the full ramifications of the ruling would only emerge with further input from the judge and noted Trump has avenues to appeal it. But they said it seems clear that Trump’s ability to control his New York properties is in grave and immediate jeopardy because he cannot operate them without a state license.“The judge has said this is a matter of such urgency that these LLCs need to stop operating right now,” said Cornell Law School professor Celia Bigoness.
Trump understands that having the licenses canceled would be “a huge blow for him," said a person who worked for Trump for years and knows his businesses, who spoke on the condition of anonymity to discuss private conversations, adding that the process will be “massively expensive” for the former president. Though Trump lives in Florida, he often brings up his New York companies, asks for updates and still goes into Trump Tower on occasion, this person said.
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