Trump sues NY Attorney General Letitia James to block probe into his company

Politics

Former U.S. President Donald Trump speaks during a rally at the Iowa States Fairgrounds in Des Moines, Iowa, October 9, 2021.
Rachel Mummey | Reuters

Former President Donald Trump reportedly filed a lawsuit Monday in an effort to block New York state Attorney General Letitia James from continuing to investigate his business.

James is conducting a civil probe of the Trump Organization, focusing on where the company has misstated the value of real estate assets to obtain favorable loan and insurance rates, while lowering its tax obligations.

That investigation is mirrored by a criminal investigation being conducted by the office of Manhattan District Attorney Cyrus Vance Jr.

A spokeswoman for Trump and an attorney representing him against the New York probes did not immediately respond to CNBC’s requests for comment on the lawsuit, which first was reported by The New York Times.

This is breaking news. Please check back for updates.

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