• The Financial District

TRUMP LOSES BID TO DELAY SUBMISSION OF TAX RETURNS

A US judge on Friday (Saturday, August 22, 2020 in Manila) denied President Donald Trump’s request to delay letting Manhattan’s district attorney obtain his tax returns for a criminal investigation into his family’s real estate business while Trump pursues an appeal.

US District Judge Victor Marrero issued his decision a day after rejecting Trump’s arguments that the grand jury subpoena from district attorney Cyrus Vance to obtain his tax returns from the accounting firm Mazars USA was “wildly overbroad,” Jonathan Stempel and Jan Wolfe reported for Reuters.


In refusing to delay the subpoena, Marrero said Trump had failed to show his appeal would likely succeed, or that he would be irreparably harmed absent a stay. “Because a grand jury is under a legal obligation to keep the confidentiality of its records, the court finds that no irreparable harm will ensue from the disclosure to it of the President’s records sought here,” Marrero wrote.


Vance, a Democrat, will not obtain Trump’s tax returns immediately, after the 2nd US Circuit Court of Appeals in Manhattan scheduled oral arguments for Sept. 1 on the Republican president’s request for a stay. Lawyers for Trump did not immediately respond to requests for comment. A spokesman for Vance declined to comment.


Register for Newsletter

  • LinkedIn
  • Instagram
  • YouTube

WHERE BUSINESS CLICKS

@2020 by The Financial District