Speed Reads

trump attack

Trump slams New York lawsuit as 'ridiculous,' promises he won't settle

President Trump is already combating a lawsuit that accuses him and the Donald J. Trump Foundation of "persistently illegal conduct."

The suit, filed Thursday by New York Attorney General Barbara Underwood, alleges Trump funneled his nonprofit's money to his own wallet, per The Washington Post. And as soon as the president returned home from his summit with North Korean dictator Kim Jong Un, he was ready to fight back.

Trump singled out Underwood's predecessor and a longtime Trump adversary Eric Schneiderman, who resigned in May amid abuse allegations. Schneiderman's team started the investigation that led to this suit after a 2016 Post investigation questioned Trump's giving. Despite Trump's accusation that Schneiderman "never had the guts" to bring the lawsuit that Underwood did Thursday, nothing points to Schneiderman sitting on the case, as he's taken action against Trump over 100 times, per The New York Times.

The suit requests Trump pay at least $2.8 million in penalties and dissolve the foundation. It also names Trump's three adult children — Donald Jr., Ivanka, and Eric — who, as board members, were supposed to oversee foundation spending.