Business

Lawyers reach deal to delay enforcement of NY tax return subpoena

Lawyers for President Trump and the Manhattan district attorney’s office have reached a “temporary arrangement” under which prosecutors won’t enforce a subpoena for Trump’s tax returns for a short period of time, the district attorney’s office said in a court filing Thursday.

In a letter to Judge Victor Marrero, the district attorney’s office said that it’s agreed to refrain from enforcing the subpoena until either two business days after the judge rules on pending motions or until Oct. 7, whichever comes first. Absent a court order, Trump’s accounting firm, Mazars USA, will immediately start a rolling production of documents responsive to the subpoena when the agreement expires.

{mosads}The agreement comes one day after Marrero, an appointee of former President Bill Clinton, ordered the parties in the lawsuit to try to reach an agreement on how to proceed before he rules in the case. Marrero had issued a one-day stay of the subpoena.

The district attorney’s office issued the subpoena to Mazars in late August, demanding Trump’s tax returns and other financial records as part of a grand-jury investigation. Subsequently, Trump filed a lawsuit against Manhattan District Attorney Cyrus Vance (D) and Mazars to challenge the subpoena.

Trump’s lawyers argue that the subpoena violates the law because the president can’t be criminally investigated and prosecuted while in office, but the district attorney’s office disagrees. Trump is seeking a preliminary injunction, while the district attorney’s office wants the case to be dismissed.