In State of New York v. Trump Entrepreneur Initiative LLC, New York’s Appellate Division recently denied a motion by Donald Trump’ organization to dismiss a fraud claim brought by the New York Attorney General (“AG”) under Executive Law § 63(12). Aside from the fame, or perhaps notoriety, of the respondents, Trump is noteworthy in two other respects. First, the Court’s interpretation of Executive Law § 63(12) suggests that it is easier for the AG to establish a violation of that law than a common law fraud claim (although the Court concluded that the two claims should be treated alike for statute of limitations purposes). Second, in reaching its conclusion, the Appellate Division flatly overruled one of its own decisions – an extreme rarity... Continue Reading