Current:Home > InvestJohnathan Walker:Judge says civil trial over Trump’s real estate boasts could last three months -WorldMoney
Johnathan Walker:Judge says civil trial over Trump’s real estate boasts could last three months
Benjamin Ashford View
Date:2025-04-09 11:24:20
NEW YORK (AP) — An upcoming civil trial over allegations that former president Donald Trump lied about his wealth could Johnathan Walkerlast 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! (671)
Related
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Did Dakota Johnson and Chris Martin Break Up? Here’s the Truth About Their Engagement
- 'Alien' movies ranked definitively (yes, including 'Romulus')
- Here's What Jennifer Lopez Is Up to on Ben Affleck's Birthday
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Round 2 of US Rep. Gaetz vs. former Speaker McCarthy plays out in Florida GOP primary
- A studio helps artists with developmental disabilities find their voice. It was almost shuttered.
- Will the Cowboy State See the Light on Solar Electricity?
- New Mexico governor seeks funding to recycle fracking water, expand preschool, treat mental health
- As Sonya Massey's death mourned, another tragedy echoes in Springfield
Ranking
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- AP Week in Pictures: Global
- 19 Kids and Counting's Jana Duggar Marries Stephen Wissmann in Arkansas Wedding
- Jack Russell, former Great White frontman, dies at 63
- Realtor group picks top 10 housing hot spots for 2025: Did your city make the list?
- IOC gives Romania go-ahead to award gymnast Ana Barbosu bronze medal after CAS ruling
- Taylor Swift Changes Name of Song to Seemingly Diss Kanye West
- Michigan woman died after hiking Isle Royale National Park, officials say
Recommendation
The company planning a successor to Concorde makes its first supersonic test
Iowa proposes summer grocery boxes as alternative to direct cash payments for low-income families
Peter Marshall, 'Hollywood Squares' host, dies at 98 of kidney failure
Man didn’t know woman he fatally shot in restaurant drive-thru before killing himself, police say
Highlights from Trump’s interview with Time magazine
JoJo Siwa Shares She's Dating New Girlfriend Dakayla Wilson
Amid Matthew Perry arrests, should doctors be blamed for overdose deaths?
UNHCR to monitor implementation of Italy-Albania accord to ensure migrants’ asylum rights respected