U.S. judge dismisses Trump’s lawsuit to block subpoena for tax records

imagePolitics8 minutes ago (Aug 20, 2020 10:35AM ET)

(C) Reuters. U.S. President Trump holds news conference at the White House in Washington

By Karen Freifeld and Jonathan Stempel

(Reuters) – A U.S. judge on Thursday dismissed a lawsuit by President Donald Trump that sought to block enforcement of a grand jury subpoena for eight years of his personal and corporate tax records.

U.S. District Judge Victor Marrero said granting the relief Trump sought would be an “undue expansion” of presidential immunity.

Jay Sekulow, a lawyer for Trump, told Reuters the president would appeal the ruling and seek to delay enforcement of the subpoena.

The subpoena is related to an investigation by Manhattan District Attorney Cyrus Vance. In a court filing last month, Vance said his investigation was tied to “alleged insurance and bank fraud by the Trump Organization and its officers,” among other things.

A spokesman for Vance declined comment.

Trump, who is campaigning for re-election in November, has fought efforts by lawmakers and prosecutors to obtain his tax records, which should shed light on his financial dealings. He has also defied decades of precedent as a presidential candidate by refusing to release tax returns.

U.S. judge dismisses Trump’s lawsuit to block subpoena for tax records

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.