New York AG sues Trump Organization in probe of financial dealings

New York Attorney General Letitia James (D) announced Monday that her office had filed a lawsuit to compel the Trump Organization to comply with subpoenas related to an investigation into whether President Trump and his company improperly inflated the value of its assets on financial statements.

The state of play: The investigation was launched after the president's former personal attorney Michael Cohen testified to Congress that Trump inflated and deflated his net worth at various times in order to obtain tax benefits and more favorable terms for loans.

The big...