In Judge Engoron’s #SummaryJudgement, the order for dissolution of all Trump businesses, it discusses disgorgement — which is legalese for what they have to pay for their “ill-gotten gains.”

#Trump atty, #Kise objected to the #Mccarty testimony saying the calculations aren’t "ill-gotten gains" for the purposes of disgorgement w/o testimony banks wouldn't authorize the loans w/accurate SFCs.

(Besides the amt they’ll pay, the trial determines if they get barred from operating in NY)

#NYAG shows footnote 21 from Judge #Engoron’s #SummaryJudgement re #Lostlnterest.

It’s from the section ordering the #dissolution of #Trump's corporate entities.

“The subject loans made the banks lots of money; but the fraudulent SFCs cost the banks lots of money. The less collateral for a loan, the riskier it is, & a first principal of loan accounting is that as risk rises, so do interest rates. Thus, accurate SFCs would have allowed the lenders to make even more money than they did.”

#law

More on the #stay & #dismissal filing:

#Engoron's #SummaryJudgement #fraud ruling canceled Trump's #NY #business licenses & ordered #dissolution of defendants’ NY #LLCs due to persistent fraud.

The filing to stay called the ruling a "grave miscarriage of justice."

"The far-reaching implications of its unprecedented directives are of staggering consequence to Appellants.”

The filing called the move "corporate death sentences,” & said that Engoron did not have the authority.

#TrumpTrial #law

My thread last week on #Engoron’s #SummaryJudgement:

https://masto.ai/@Nonilex/111133424143457583

#law #legal #FediLaw

From last week’s #SummaryJudgement ruling on the #fact that #Trump is #liable for committing #fraud:

"Exacerbating defendants' obstreperous conduct is their continued reliance on bogus arguments, in papers & oral argument... That is a fantasy world, not the real world."

- JUDGE ARTHUR #ENGORON
#NY Supreme Court; 1st Judicial District
🔥🔥🔥

https://www.documentcloud.org/documents/23991862-engoron-decision-and-order-september-26

— #Defense #Attorneys should take note of the following #statement and file for #SummaryJudgement as the #students are no longer #enrolled in #publicschools making most of the #issues raised in the #lawsuit #moot.

The only remaining issue to be decided is are these homophobic parents entitled to public funds to privately educate their children, over their #FrivolousClaim that not being able to #OptOut of #classroom #lessons they don't like somehow infringes on their #1stAmendment rights (1/2)