General Discussion
In reply to the discussion: I hate to spoil everyone's fun, but people are misinterpreting the NY Trump ruling... [View all]Recycle_Guru
(2,973 posts)are under 2 main umbrellas-
Two of the companies named in the order, DJT Holdings LLC and DJT Holdings Managing Member LLC, "sit at the top of the Trump Organization's organizational chart and together own many of the Trump-affiliated entities that comprise the Trump Organization," the judge noted in his 35-page ruling.
"DJT Holdings Managing Member LLC owns 100% of the Trump Organization, and DJT Holdings LLC owns 100% of the Trump Organization LLC," the order continues.
So all of his "empire" is under 2 New York entities--much of his operational business is occurring in New York. It will be very challenging for him to maintain assets in the state of New York. Judge has already barred him from shuffling assets to new entities he or his sons own.
This is a very big deal.