Legal
Trump’s New Delaware Entity Warrants Asset Restriction, NY Says
- State attorney general James asks judge to issue an injunction
- Former president has claimed lawsuit is politically motivated
Letitia James
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
On the same day Donald Trump was hit with a $250 million civil-fraud suit by the state of New York, the former president’s real-estate company registered a new entity based in Delaware that could potentially be used to shield his asserts, a Manhattan judge was told.
The registration of “Trump Organization II LLC” with New York officials on Sept. 21 raised concerns that Trump “may be seeking to move assets out of state,” New York Attorney General Letitia James said in a court filing Thursday seeking to restrict such transfers.