The commercial real estate firm announced Monday that it has submitted about 36,000 documents to the New York Attorney General’s Office regarding valuations of Trump Organization properties.
News promotion: Cushman & Wakefield was charged last month with contempt and ordered to pay $10,000 a day for failing to produce documents subpoenaed by Attorney General Letitia James in an investigation into former President Trump’s business.
- According to NBC News, the attorney general’s office said it found “serious problems” with some of Cushman & Wakefield’s assessments of the Trump Organization. This includes 40 Wall Street, the Seven Springs property in New York, and a golf club in Los Angeles. I reported the story first.
What they say: “Cushman has fully responded to OAG’s recent controversial subpoenas. ,” a company spokesperson said in an email to Axios on Monday.
- “In standing up to the work of our appraisers, Cushman has expended significant expense and effort in identifying, collecting, reviewing and producing the large number of documents requested by OAG,” the statement said. We will continue to work in good faith with OAG.”
- In a letter to the judge last Friday, AG James said he received the documents. The Attorney General asked the court to “dissolve the contempt order and sweep away the contempt without imposing any fines.”
Big picture: New York Attorney General Letitia James has been investigating Trump’s business practices for more than three years.
- Trump was held in contempt of court in April and fined $10,000 daily for refusing to turn in documents, as required in a separate subpoena issued by James’ office. That order was lifted in late June.
- Representatives for the Attorney General’s Office and the Trump Organization did not immediately respond to Axios’ requests for comment.