U.S. President Donald Trump and his children cannot force arbitration in a lawsuit alleging that they, and the Trump Corp., had illegally profited from promoting doomed products and services to unsophisticated investors across the country, a Manhattan federal judge ruled late Wednesday.

U.S. District Judge Lorna G. Schofield of the Southern District of New York said in a 16-page opinion that Trump and his children, Ivanka, Eric and Donald Jr., could not avail themselves of arbitration agreements the unnamed plaintiffs had entered in to with ACN Inc., the multilevel marketing company at the center of the allegations.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]