Articles Posted in Business and Corporate Law

On Thursday, New York Attorney General Barbara Underwood filed a civil lawsuit against Donald Trump and his three eldest children for allegedly misusing funds associated with his personal foundation. The complaint, filed in New York state court, asks the judge to dissolve the Donald J. Trump Foundation and distribute its remaining $1 million in assets to other charities. Moreover, the lawsuit asks that Trump be forced to pay at least $2.8 million in restitution and penalties and takes the unusual step of requesting that Trump be banned from leading any other New York nonprofit organization for 10 years and that each of his three children be banned from serving as a director of a New York nonprofit organization for one year.