Current:Home > MarketsJudge says civil trial over Trump’s real estate boasts could last three months-InfoLens
Judge says civil trial over Trump’s real estate boasts could last three months
View Date:2024-12-23 14:42:20
NEW YORK (AP) — An upcoming civil trial over allegations that former president Donald Trump lied about his wealth could last as long as three months, according to a schedule laid out Friday by the judge hearing the case.
Opening arguments are expected Oct. 2 in the trial over a lawsuit filed against Trump and his family business by New York Attorney General Letitia James. In the suit, James has said Trump deceived lenders, potential business associates and others by chronically exaggerating the value of his real estate holdings.
The trial is expected to feature extensive amounts of expert testimony over how much Trump holdings, like his golf courses and skyscrapers, were actually worth. Judge Arthur Engoron, in an order filed Friday, said the trial should end by Dec. 22, though he added that the lawyers handling the case could ask for additional time if necessary.
Trump has defended his asset valuations, saying that his estates, skyscrapers and golf clubs were luxurious, unique properties made even more valuable because of his personal brand.
He has also said that, even if some of the valuations listed in his financial statements weren’t accurate, it didn’t matter because each came with a disclaimer intended to tell banks that they were potentially “worthless” and shouldn’t be relied on to make important business decisions.
James, a Democrat, has argued that Trump’s financial claims were deceptive, designed to get him more favorable terms on loans, among other things. In a court filing Friday, she said Trump inflated his net worth by at least between $812 million to $2.2 billion, depending on the year, and possibly by as much as $3.6 billion.
The trial, which could also potentially take less than the three months the judge has allotted, will come as Trump is also preparing for trials in four different criminal cases filed against him in Florida, Georgia, New York and Washington D.C.
Some of those trials could come near the height of the Republican presidential primary, where voters will be deciding whether to make Trump the party’s primary challenger to President Joe Biden.
veryGood! (6445)
Related
- Why have wildfires been erupting across the East Coast this fall?
- The Daily Money: All about 'Doge.'
- Top Federal Reserve official defends central bank’s independence in wake of Trump win
- New York races to revive Manhattan tolls intended to fight traffic before Trump can block them
- NFL Week 11 picks straight up and against spread: Will Bills hand Chiefs first loss of season?
- Chris Martin and Gwyneth Paltrow's Son Moses Martin Reveals His Singing Talents at Concert
- Inter Miami's MLS playoff failure sets stage for Messi's last act, Alexi Lalas says
- Bohannan requests a recount in Iowa’s close congressional race as GOP wins control of House
- Lee Zeldin, Trump’s EPA Pick, Brings a Moderate Face to a Radical Game Plan
- The Surreal Life’s Kim Zolciak Fuels Dating Rumors With Costar Chet Hanks After Kroy Biermann Split
Ranking
- Japan to resume V-22 flights after inquiry finds pilot error caused accident
- High-scoring night in NBA: Giannis Antetokounmpo explodes for 59, Victor Wembanyama for 50
- Kyle Richards Swears This Holiday Candle Is the Best Scent Ever and She Uses It All Year
- Bankruptcy judge questioned Shilo Sanders' no-show at previous trial
- KFC sues Church's Chicken over 'original recipe' fried chicken branding
- Reese Witherspoon's Daughter Ava Phillippe Introduces Adorable New Family Member
- How Alex Jones’ Infowars wound up in the hands of The Onion
- Florida Man Arrested for Cold Case Double Murder Almost 50 Years Later
Recommendation
-
Stock market today: Asian stocks dip as Wall Street momentum slows with cooling Trump trade
-
New York nursing home operator accused of neglect settles with state for $45M
-
Olympic Skier Lindsey Vonn Coming Out of Retirement at 40
-
'America's flagship' SS United States has departure from Philadelphia to Florida delayed
-
Father, 5 children hurt in propane tank explosion while getting toys: 'Devastating accident'
-
Japan to resume V-22 flights after inquiry finds pilot error caused accident
-
Whoopi Goldberg calling herself 'a working person' garners criticism from 'The View' fans
-
New Orleans marks with parade the 64th anniversary of 4 little girls integrating city schools