- The law that Attorney General Letitia James used to sue the former president does not require proof that anyone was injured by his financial dishonesty.
But the law under which James sued Trump and his co-defendants does not require any such loss.
The money demanded by Engoron's 92-page decision, which goes to the state rather than individual claimants, is styled not as damages but as "disgorgement" of "ill-gotten gains."
It is aimed not at compensating people who were allegedly harmed by Trump's misrepresentations but at deterring dishonesty that threatens "the financial marketplace."...
In this case, however, it did not result in any injuries that Trump's lenders or insurers could identify.
In this case, however, it did not result in any injuries that Trump's lenders or insurers could identify.
Under New York law, Engoron says, that does not matter.
But maybe it should.
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