Between this ruling, & the 2 #EJeanCarroll rulings, #Trump is down half a billion dollars in #legal #damages this year.

My #civil #fraud #TrumpOrganization #TrumpTrial threads:

starting w/ #Engoron’s pretrial #SummaryJudgment:

https://masto.ai/@Nonilex/111133424143457583

my previous threads for some days of the trial:

Engoron’s pretrial #SummaryJudgment:
https://masto.ai/@Nonilex/111133424143457583

Day1: https://masto.ai/@Nonilex/111165905370021680

Day2: https://masto.ai/@Nonilex/111171796760680512

Day3: https://masto.ai/@Nonilex/111177313717257736

Day4: https://masto.ai/@Nonilex/111183009117219172

Day5: https://masto.ai/@Nonilex/111188395674423018

Importantly, in Sept, Justice #Engoron ruled in his partial #SummaryJudgment that #Trump et al are – as a decided matter of law – liable for #fraud; this trial is only deciding the remaining charges of #InsuranceFraud, #FalsifyingBusinessRecords, considering whether defendants "intentionally & materially" violated the laws & determining the amount of #disgorgement.

The #trial will determine whether #Trump will pay a significant #penalty, as well as any other #punishments. #NYAG #LetitiaJames has asked that he pay $250M & that he & his sons be permanently barred from running a #business in #NewYork.

#legal #law #civil #conspiracy #fraud #TrumpOrganization #TrumpTrial

my previous threads for each day of the trial:

Engoron’s pretrial #SummaryJudgment:

https://masto.ai/@Nonilex/111133424143457583

#NYAG #Amer questions #JeffMcConney more about how he #valued specific #Trump #properties & what info he may have excluded from his accountants’ assessment.

Note: Trump’s principal lawyer #ChrisKise is absent today.

Trump's legal team this morning filed a stay request to the state #Appellate Division (#AD1), to halt the #trial & #dismiss #Engoron’s #SummaryJudgment. #Kise, who was Florida’s solicitor general, (the top FL appellate lawyer). So presumably he’s dealing w/ they stay.

The judge's #SummaryJudgment ruling last week found that Trump & his companies had committed repeated #fraud, & canceled #business certificates for LLCs "controlled or beneficially owned" by #Trump, his sons #DonJr. & #EricTrump, & two #TrumpOrganization execs. It originally gave the parties 10 days to name a potential receiver, but Engoron extended the deadline at the request of Trump's lawyers. Trump filed a notice Wednesday that he's #appealing the ruling.

Last week, #Engoron denied Trump's motion to have the claims against him thrown out on statute of limitations, & Engoron issued partial #SummaryJudgment on some of the AG's allegations, including that #Trump & the #TrumpOrganization had made "persistent" false claims overstating the #value of their #assets in their #financial statements.

As the #trial against Trump was being heard in court this morning, Trump's attys filed a notice of #appeal of the judge's #SummaryJudgment ruling that Trump had committed persistent #fraud.

The notice of appeal said they were appealing "from each & every part" of the order that went against them.

#Engoron corrected #Habba again — she referred incorrectly to his #SummaryJudgment order as a “motion.” And he reminded her that the financial statements were meant to reflect the #estimated current value of the properties AT THE TIME they were assembled. Habba said she won’t reveal her arguments to her “adversaries” right now, but that she is confident in them.

Habba promised to “bore everyone at this room at length for three months.”

The argument by #Kise was very close to a reprise of his statements last month, which #Engoron treated harshly when he granted the AG #SummaryJudgment & found #Trump #liable. Maybe Kise thinks that these arguments will be more successful w/the remaining causes of action — but just as likely, he’s already thinking about a future #appeal while straining to please his most important client.

The judge also ordered #sanctions against Trump’s #lawyers for making arguments that he previously rejected. He ordered each to pay $7,500.
#MAGA = #MakingAttorneysGetAttorneys

#Trump still has an opportunity to #delay the #trial, or even gut the case against him. Trump has already sued Justice Engoron & an appeals court is expected to rule this week on his lawsuit. But if the #AppealsCourt rules against him, Trump will have to fight the remainder of the case at trial.

Justice #Engoron’s decision narrows the issues that will be heard, effectively deciding that the #trial was not necessary to find that #Trump was #liable & that the core of #James’s case was #valid. It represents a major blow to Trump, whose lawyers had sought to persuade the judge to throw out many of the claims against TFG.

#SummaryJudgment
https://www.nytimes.com/2023/09/26/nyregion/trump-james-fraud-trial.html?smid=nytcore-ios-share&referringSource=articleShare

Or the judge could deny both bids… which would simply set the case for #trial.

The judge, Arthur F. Engoron, is scheduled to hold a hearing in late Sept & could rule then.

#James is seeking #SummaryJudgment on the claim at the core of her case — that #Trump’s financial statements were #fraudulent — & if she prevails, it would mark a significant victory & smooth her path to a potential win at #trial on the remaining claims.

If Trump won even partial summary judgment, the case could become a shadow of what it once appeared, significantly lowering the stakes of the Oct trial.

But Trump’s #lawyers, in their own motion, argued that the entire case should be thrown out, relying in large part on a recent appellate court decision that (may)…significantly narrow the scope of the case because of a #legal time limit. #Trump received most of the loans…too long ago for the matter to be considered by a #court, his lawyers argue.…
Both filings seek… #SummaryJudgment, a ruling from the judge that they are entitled to a victory before #trial based on undisputed facts in #evidence.

On Wed, James fired an opening salvo, arguing that a #trial is not necessary to find that Trump & the other defendants inflated the value of their assets in annual #FinancialStatements, #fraudulently obtaining favorable #loans & #insurance arrangements.

The #fraud was so pervasive, she said in a court filing, that Trump had falsely boosted his #NetWorth by between $812M & $2.2B each year over the course of a decade.