Trump loses again in court -- must turn over documents to NY Attorney General: report
President Donald Trump at Mar-a-Lago New Year's Eve Party (Photo: Screen capture)

Former President Donald Trump suffered another legal setback on Friday.

"A New York judge on Friday increased pressure on former President Donald J. Trump's family business and several associates, ordering them to give state investigators documents in a civil inquiry into whether the company misstated assets to get bank loans and tax benefits," The New York Times reports.

"It was the second blow that the judge, Arthur F. Engoron of State Supreme Court in Manhattan, had dealt to Mr. Trump's company in recent weeks," the newspaper explained. "In December, he ordered the company, the Trump Organization, to produce records that its lawyers had tried to shield, including some related to a Westchester County, N.Y., property that is among those being scrutinized by the New York State attorney general, Letitia James. On Friday, Judge Engoron went further, saying that even more documents, as well as communications with a law firm hired by the Trump Organization, had to be handed over to Ms. James's office. In doing so, he rejected the lawyers' claim that the documents at issue were covered by attorney-client privilege."

In addition to the investigation by the NY attorney general, Trump is also being investigated by Manhattan D.A. Cy Vance, Jr.

"Investigators in Ms. James's office have focused their attention on an array of transactions, including a financial restructuring of the Trump International Hotel & Tower in Chicago in 2010 that resulted in the Fortress Credit Corporation forgiving debt worth more than $100 million," the newspaper noted. "An analysis of Mr. Trump's financial records by The New York Times found that he had avoided federal income tax on almost all of the forgiven debt."

Justice Engoron gave the Trump Organization a February 4th deadline to turn over the documents.