Engoron previously ordered Trump to pay $10,000 a month for also failing to comply with subpoenas. The judge lifted that order last week after Trump paid $110,000. Cushman & Wakefield will begin accruing the fines Thursday.
The civil investigation launched by James is evaluating whether the Trump Organization unlawfully inflated the value of its properties.
The AG’s office is seeking information about appraisals Cushman & Wakefield made for three Trump-owned properties — the Seven Springs Estate in Westchester County, Trump National Golf Club in Los Angeles and 40 Wall Street in Manhattan.
A Cushman spokesperson said the company “disagrees with any suggestion that the firm has not exercised diligence and good faith in complying with the Court’s order,” and plans to appeal the decision.
“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 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. This time intensive process started much before the Court rejected Cushman’s Motion to Stay in June.”