The subpoenas were issued by the New York Attorney General’s office as part of a political investigation into how former President Donald Trump and his family business valued their assets. Judge Arthur Engoron imposed a daily fine of $10,000 starting Thursday for each day the property giant fails to comply with the subpoenas. “Cushman & Wakefield’s work on Donald Trump and the Trump Organization is clearly relevant to our investigation, and we are pleased that the court recognized this and took steps to compel Cushman to comply with our subpoenas,” the Attorney General said. of New York Letitia James. in a statement. “No person or company, no matter how powerful, is above the law.” A Cushman & Wakefield spokesman said the firm would appeal the decision. “Cushman & Wakefield’s contempt decision demonstrates a failure to understand the extreme measures Cushman took to comply with the Court’s order,” the firm’s spokesman said. “We have expended great expense and effort to quickly locate, collect, review and produce the vast body of documents requested by the OAG, and have now generated over hundreds of thousands of pages of documents and over 650 assessments since the last subpoena issued in February 2022.” The Cushman and Wakefield logo adorns the office complex in Warsaw, Poland, August 23, 2020. NurPhoto via Getty Images, FILE “Cushman disagrees with any suggestion that the company has failed to exercise diligence and good faith in complying with the Court’s order, and we will appeal this decision,” the spokesman said. The attorney general’s office filed a motion to compel the company to comply with subpoenas in early April, and the motion was granted that month. Cushman & Wakefield has provided real estate services for Trump Organization properties for many years, including appraisals and brokerage services for properties under AG investigation. A sign marking the Trump National Golf Club in Los Angeles, March 18, 2018. GC Images/Getty Images, FILE The firm declined to comply with calls for information on its appraisals of three properties owned by Trump — 40 Wall Street in Manhattan, Trump National Golf Club in Los Angeles and the Seven Springs estate in Westchester, New York — also as information about Cushman’s largest business relationship with the Trump Organization, according to court documents.
