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Ivanka Trump, Jared Kushner are sued over financial disclosures
Source: Politico
Ivanka Trump, Jared Kushner are sued over financial disclosures
By JOSH GERSTEIN 12/17/2017 09:59 PM EST Updated 12/18/2017 09:28 AM EST
First daughter and presidential adviser Ivanka Trump and her husband and fellow White House adviser Jared Kushner were hit with a lawsuit Sunday alleging illegal omissions on their public financial disclosure forms.
Washington lawyer Jeffrey Lovitky contends that Trump and Kushner failed to identify the assets owned by 30 investment funds the couple had stakes in. The complaint filed in U.S. District Court in Washington also claims the couple should have declared the value of and income they derived from two investment vehicles, but did not.
The suit notes that in a half dozen instances Kushner's report indicates that more detailed information is not being provided because a "pre-existing confidentiality agreement" precludes disclosure.
"The (Ethics in Government Act) does not allow a reporting individual to refuse to disclose the underlying assets of an investment vehicle, on the basis that such disclosure would violate a pre-existing confidentiality agreement. Nor does the EIGA allow a reporting individual to refuse to disclose the amount of income derived from any underlying asset of an investment vehicle, on the basis that such disclosure would violate a pre-existing confidentiality agreement," the suit contends.
A White House spokesman said Monday that the lawsuit lacks merit and the disclosures meet all legal requirements.
-snip-
By JOSH GERSTEIN 12/17/2017 09:59 PM EST Updated 12/18/2017 09:28 AM EST
First daughter and presidential adviser Ivanka Trump and her husband and fellow White House adviser Jared Kushner were hit with a lawsuit Sunday alleging illegal omissions on their public financial disclosure forms.
Washington lawyer Jeffrey Lovitky contends that Trump and Kushner failed to identify the assets owned by 30 investment funds the couple had stakes in. The complaint filed in U.S. District Court in Washington also claims the couple should have declared the value of and income they derived from two investment vehicles, but did not.
The suit notes that in a half dozen instances Kushner's report indicates that more detailed information is not being provided because a "pre-existing confidentiality agreement" precludes disclosure.
"The (Ethics in Government Act) does not allow a reporting individual to refuse to disclose the underlying assets of an investment vehicle, on the basis that such disclosure would violate a pre-existing confidentiality agreement. Nor does the EIGA allow a reporting individual to refuse to disclose the amount of income derived from any underlying asset of an investment vehicle, on the basis that such disclosure would violate a pre-existing confidentiality agreement," the suit contends.
A White House spokesman said Monday that the lawsuit lacks merit and the disclosures meet all legal requirements.
-snip-
Read more: https://www.politico.com/story/2017/12/17/ivanka-trump-jared-kushner-sued-financial-disclosures-302240
