ICYMI: New York appeals court judge halts process of breaking up Trump’s businesses

In case you missed it, a New York appeals court judge on Friday temporarily halted the process of breaking up Donald J. Trump's businesses.

Associate Justice Peter Moulton issued the ruling after a brief hearing Friday afternoon.

Trump attorney Christopher Kise argued in court that the dissolution of the former president's businesses would cause irreparable harm to the businesses as well as the 1,000 employees who would be affected.

On the ruling, Kise said, "We are very pleased the First Department upheld New York law and put a halt to any cancellation of business certificates, receivers or dissolution. The trial court’s attempt to reach issues, entities and assets beyond the scope of this case has been suspended."

CNN reported that "Engoron ordered Trump to propose potential receivers by October 26, which would begin the process of dissolution.

During the hearing, Moulton speculated that such a broad interpretation of Engoron’s ruling could mean LLCs holding the private homes of Trump and the other defendants could be at risk of being sold.

"[Engoron] clearly does not comprehend the scope of the chaos its decision has wrought," Trump’s lawyers said in a court filing earlier in the day.
"We’re not seeking delay. We’re not seeking anything but a fair trial and these errors permeate the ongoing trial," Kise said in court, referring to "an avalanche of errors" in the summary judgment ruling.

Trump’s legal team believes the appellate court could eventually reverse at least part of Engoron’s bombshell order and gut New York Attorney General Letitia James’ case by dismissing a majority of the lawsuit’s claims that they believe are time barred by an earlier appellate ruling handed down in June."

Read the full article here.