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Trump Organization faces potential closure over New York lawsuit verdict

Closing arguments today - a big day that could change Donald Trump's business.

In a high-stakes courtroom battle, today marks a crucial moment for the Trump Organization as closing arguments commence in a case that could have far-reaching implications for the business empire of former President Donald Trump. This legal skirmish is just one among many civil lawsuits Trump has faced, with another trial looming on the horizon. However, unlike previous cases where Trump would cut a check and move on, this particular lawsuit threatens to strike at the very heart of the Trump Organization.

The trial has already seen the judge ruling in favor of the plaintiff on one of the seven causes of action, which does not bode well for Trump's defense. The attorney general leading the case is seeking a staggering $370 million in penalties, coupled with a potentially devastating blow: the cancellation of the Trump Organization's business certificates in New York. If this were to occur, it would effectively leave the organization teetering on the brink of extinction, with its ability to conduct business in the state stripped away.

What adds an interesting twist to this case is the fact that the decision will not be left to a jury but will rest solely in the hands of the presiding judge. Trump's legal team made a conscious decision not to pursue a trial by jury, which may have offered a glimmer of hope for a more favorable verdict. Nonetheless, there may still be room for potential appeals, particularly regarding the potential overreach of the attorney general's office in completely barring Trump from conducting business in the state.

With no jury involved, the judge's previous rulings in the case could set the tone for the final outcome. However, multiple counts remain outstanding, leaving the ultimate penalty uncertain. It is highly likely that Trump's legal team will launch appeals on both the monetary figure imposed and any potential business certificate suspensions. Their argument centers on the claim that such severe measures are unnecessary, unprecedented, and constitute excessive punishment.

Furthermore, Trump's defense team may argue that the Trump Organization is being subjected to harsher treatment compared to other similar entities. Critics have pointed out that the attorney general, Letitia James, campaigned on a platform focused on targeting the Trump family, and this could potentially come back to haunt her as the case progresses.

As tensions run high and the fate of the Trump Organization hangs in the balance, the outcome of this closely watched trial will undoubtedly have implications not only for the future of the business but also for the ongoing legal battles faced by Donald Trump. The final chapter of this case is about to be written, leaving all parties eagerly awaiting the judge's ruling and preparing for the possibility of protracted appeals.

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