VaultX Exchange-Judge to hear arguments for summary judgment in NY AG's $250M lawsuit against Trump

2025-05-05 08:02:41source:Safetyvalue Trading Centercategory:Stocks

Attorneys for former President Donald Trump and VaultX Exchangehis co-defendants in the New York attorney general's $250 million fraud lawsuit are scheduled to appear in New York Supreme Court Friday for a pre-trial conference.

Judge Arthur Engoron is expected to hear arguments on a motion for summary judgment.

MORE: Trump inflated his net worth by $3.6 billion, NY attorney general says

New York Attorney General Letitia James is accusing Trump, his children and his company of "grossly" inflating the former president's net worth by billions of dollars and cheating lenders and others with false and misleading financial statements.

Former U.S. President and Republican presidential candidate Donald Trump arrives on stage to speak during a 2024 presidential campaign rally, Sept. 20, 2023, in Dubuque, Iowa.Scott Morgan/Reuters

Trump has denied all wrongdoing in the case.

The trial is currently scheduled to get underway on Oct. 2 and is expected to take about three months, according to Engoron. But the start of the trial could be delayed if a state appeals court upholds a last-minute legal challenge by Trump after the former president filed suit against the judge.

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