Actual property agency Cushman & Wakefield is being held in contempt of courtroom for refusing to adjust to subpoenas for info associated to its enterprise relationship with the Trump Group, a decide in New York has dominated.

The subpoenas had been issued by the New York Lawyer Basic’s workplace as a part of its civil investigation into how former President Donald Trump and his household enterprise valued their holdings.

Decide Arthur Engoron imposed a $10,000 each day nice beginning Thursday for daily that the true property large doesn’t adjust to the subpoenas.

“Cushman & Wakefield’s work for Donald Trump and the Trump Group is clearly related to our investigation, and we’re happy that the courtroom has acknowledged that and brought motion to drive Cushman to adjust to our subpoenas,” New York Lawyer Basic Letitia James stated in an announcement. “No particular person or firm, irrespective of how highly effective, is above the legislation.”

A Cushman & Wakefield spokesperson stated the corporate will attraction the choice.

“The ruling to carry Cushman & Wakefield in contempt demonstrates a failure to grasp the acute lengths Cushman has gone to adjust to the Courtroom’s order,” the corporate spokesperson stated. “Now we have gone to nice expense and energy to shortly establish, acquire, assessment and produce the large set of paperwork requested by the OAG, and we’ve now produced over a whole bunch of 1000’s of pages of paperwork and over 650 value determinations because the final subpoena was issued in February 2022.”

“Cushman disagrees with any suggestion that the agency has not exercised diligence and good religion in complying with the Courtroom’s order, and we can be interesting this resolution,” the spokesperson stated.

The legal professional common’s workplace filed a movement to compel the corporate to adjust to subpoenas in early April, and the movement was granted the identical month.

Cushman & Wakefield offered actual property companies for Trump Group properties for a few years, together with value determinations and brokerage companies for properties which were topic of the AG’s probe.

The corporate has refused to adjust to subpoenas for info associated to its value determinations of three Trump-owned properties — 40 Wall Avenue in Manhattan, Trump Nationwide Golf Membership in Los Angeles, and the Seven Springs property in Westchester, New York — in addition to details about Cushman’s bigger enterprise relationship with the Trump Group, in line with courtroom paperwork.