Trump family wins again.
New York Attorney General Letitia James filed a $250 million lawsuit last September, accusing Ivanka Trump, her brothers Eric and Donald Jr., and senior executives at the Trump Organization of aiding Donald Trump in inflating his net worth to obtain more favorable bank loans, fulfill loan agreements, and obtain better insurance coverage. The lawsuit followed a three-year investigation into tax records related to Trump and his organization, alleging the creation of over 200 false valuations of assets to deceive financial institutions.
According to Newsweek, an appellate court in Manhattan has now dismissed all claims against Ivanka Trump and removed her from the defendant list due to the statute of limitations. The court stated that certain defendants cannot be sued for transactions that occurred before July 13, 2014, or February 6, 2016, based on time-dependent timelines.
Chris Kise, a member of Donald Trump’s legal team, expressed satisfaction with the court’s decision and claimed that the case should have never been filed. Kise believes that once all the facts are known, it will become clear that President Trump built a successful business empire and acted within the boundaries of the law.
According to court documents, Ivanka Trump was no longer considered part of the “Trump Organization” when the tolling agreement was executed, and the allegations against her did not support any claims that arose after February 6, 2016. Thus, all claims against her were dismissed as untimely.
Attorney Bradley Moss commented that the court’s approach limited the tolling period for statutes of limitations, which removed Ivanka Trump from the reach of the claims made by Attorney General James but kept the case against Donald Trump, his sons, and the Trump Organization intact.
Although New York state law allows James to investigate alleged fraud or illegality that persists over time, the court ruled that the deadlines for suing the Trumps could not be extended based on the theory of “continuing wrong.” A trial date of October 2 is scheduled before Justice Arthur Engoron of the state Supreme Court in Manhattan.
This lawsuit adds to the legal challenges faced by Donald Trump, who has been indicted twice since the announcement of the multi-million-dollar lawsuit. The charges include hush money payments to Stormy Daniels and Karen McDougal before the 2016 election, as well as mishandling classified documents at his Mar-a-Lago residence in Florida.