There is an old saying, "Be careful what you pray for, you might get it."
Many of us are watching the debacle with Donald Trump in New York, where the state Attorney General is trying to seize assets. The deadline is today for Trump to post a huge half-billion dollar bond or risk seizure of his property.
But, it isn't as simple as all that. Trump is a landlord. He has responsibilities to his tenants, to keep the lights on, to keep the hallways swept, to pay the doorman at the front door. Running a commercial property is not as simple as it sounds. The AG cannot simply turn off the lights and lock the doors. If she seizes the property, she will have to run the business.
I'm no lawyer, but I an amazed that this case has gotten this far. It's a commercial fraud case without a single victim. No one lost money. All of the parties to the contracts were happy with how the contracts played out.
1 comment:
Lawfare, plain and simple...
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