Real estate company Cushman & Wakefield is accused of contempt of court for refusing to comply with citations of information related to its business relationship with the Trump Organization, a New York judge has ruled.
The subpoenas were issued by the New York Attorney General’s office as part of his civil investigation into how former President Donald Trump and his family business valued his stakes.
Judge Arthur Engoron imposed a daily fine of $ 10,000 starting Thursday for each day the real estate giant failed to comply with the subpoenas.
“The work of Cushman & Wakefield for Donald Trump and the Trump Organization is clearly relevant to our investigation, and we are pleased that the court has recognized this and taken steps to compel Cushman to comply with our subpoenas,” he said. say New York Attorney General Letitia James. in a statement. “No person or company, however powerful, is above the law.”
A Cushman & Wakefield spokesman said the company will appeal the decision.
“The sentence of disregarding Cushman & Wakefield demonstrates the lack of understanding of the extremes that Cushman has taken to comply with the Court’s order,” the company spokesman said. “We have made great efforts and efforts to quickly identify, collect, review and produce the massive set of documents requested by the OAG, and we have now produced more than hundreds of thousands of pages of documents and more than 650 assessments since made the last citation. published in February 2022 “.
The Cushman and Wakefield logo adorns the Warsaw, Poland office complex on August 23, 2020.
NurPhoto via Getty Images, FILE
“Cushman does not agree with any suggestion that the company has not exercised due diligence and good faith to comply with the Court’s order, and we will appeal that decision,” the spokesman said.
The attorney general filed a motion to compel the company to comply with the subpoenas in early April, and the motion was passed the same month.
Cushman & Wakefield provided real estate services for Trump Organization properties for many years, including appraisals and property brokerage services that have been the subject of the GA’s investigation.
A poster marking the Trump National Golf Club in Los Angeles, March 18, 2018.
GC / Getty Images, FILE
The company has refused to comply with subpoenas for information related to its valuations of three Trump-owned properties: 40 Wall Street in Manhattan, Trump National Golf Club in Los Angeles, and the Seven Springs Estate in Westchester, New York. , too. as information about Cushman’s biggest business relationship with the Trump Organization, according to court documents.