Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Aug 29, 2019

Trump Almost Completely Escapes Paying Cohen’s Legal Fees

STOCKS IN THIS STORY
Goenka Business & Finance Ltd.
--
Cosco (India) Ltd.
--
Nifty Top 20 Equal Weight
--
USD-INR
--
MSCI World
--
Pritika Auto Industries Ltd
--
SAB Events & Governance Now Media Ltd.
--
BSE Finance
--
Regency Investments Ltd.
--
Cindrella Hotels Ltd.
--
Lawreshwar Polymers Ltd.
--
Texel Industries Ltd.
--

(Bloomberg) -- The Trump Organization doesn't have to pay most of the legal fees racked up by the president's former personal lawyer.

A state court judge in New York dismissed much of Michael Cohen's lawsuit, in which he sought almost $4 million. The company had urged the judge to throw out the suit, claiming Cohen was just hoping to score a “payday.”

On Wednesday, Justice Joel M. Cohen threw out most of the now-jailed lawyer's claims, with the exception of costs he incurred for legal proceedings and investigations that were pending in July 2017. The judge allowed that part of the lawsuit to proceed.

The judge also threw out Cohen's claim for reimbursement of his criminal fines and penalties. He said that if the company had agreed to cover those costs, the deal -- whether oral or in writing -- would be void because it's against public policy.

Cohen Suit to Make Trump Cover Legal Bills Faces Skeptical Judge

To contact the reporters on this story: Joe Schneider in Los Angeles at jschneider5@bloomberg.net;Robert Burnson in San Francisco at rburnson@bloomberg.net

To contact the editors responsible for this story: David Glovin at dglovin@bloomberg.net, Peter Blumberg

©2019 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search