Real estate firm Cushman & Wakefield is being held in contempt of court for refusing to comply with subpoenas for information related to its business relationship with the Trump organization. The subpoenas were issued by the New York AG’s office as part of its civil investigation into how President Donal Trump and his family valued their holdings. Judge Arthur Engoron imposed a $10,000 daily fine starting Thursday for every day the giant does not comply with the subpoenas.
"Cushman & Wakefield's work for Donald Trump and the Trump Organization is clearly relevant to our investigation, and we're pleased that the court has recognized that and taken action to force Cushman to comply with our subpoenas," New York Attorney General Letitia James said in a statement. "No person or company, no matter how powerful, is above the law." The company has refused to comply with subpoenas for information related to its appraisals of three Trump-owned properties – 40 Wall Street in Manhattan, Trump National Golf Club in Los Angeles, and the Seven Springs estate in New York.
A spokesperson for the real estate firm said they will be appealing the decision and had some words of their own on the matter. "The ruling to hold Cushman & Wakefield in contempt demonstrates a failure to understand the extreme lengths Cushman has gone to comply with the Court's order," the company spokesperson said. "We have gone to great expense and effort to quickly identify, collect, review and produce the massive set of documents requested by the OAG, and we have now produced over hundreds of thousands of pages of documents and over 650 appraisals since the last subpoena was issued in February 2022."