New York Attorney General Letitia James’ new lawsuit against Donald Trump may cause financial complications for the former president, the American press writes. Prosecutors are demanding $250 million from Trump’s company, barring the organization from doing business in New York state.

Donald TrumpPhoto: snapshot/Future Image/D Van Tine/Shutterstock Editorial/Profimedia

The lawsuit filed by Letitia James is just one of many lawsuits and investigations against Donald Trump. Trump will go on trial in New York in October on other charges as he faces civil lawsuits for damages from the January 6 riots. In addition, Trump is being investigated for falsifying classified documents.

“Together, the multiple investigations and lawsuits swirling around Trump are putting new and significant financial pressure on him,” writes the New York Times. “However, there is no evidence that they are facing any immediate crisis.”

But, as the New York Times points out, Donald Trump’s problems with the law prevent him from making money. The current deals he has — the various mergers he’s been thinking about — are hanging in the balance with regulators and the law.”

Experts say Trump and the Trump Organization are set up to solve future financial problems. “The Trump Organization made hundreds of millions of dollars from the sale of its Washington hotel this year, as well as other recent deals, and has either refinanced or paid off much of its debt,” the New York Times reported.

The Trump Organization also receives revenue from commercial real estate projects. Business with Trump-branded hotels is also recovering after several years of a pandemic-related hiatus. And Trump’s golf courses are doing well, even booking new tournaments.

Attorney General James, on the other hand, “seeks to prevent the Trumps from ever again having business in the state,” according to the New York Times. “It is also intended to prevent Mr. Trump from buying real estate in New York for five years.” If James wins, it will hurt the Trump Organization’s ability to make a profit.

During his career, Donald Trump participated in dozens of lawsuits. And Trump’s current financial pressures “pale in comparison” to the problems he faced in the early 1990s, when the tycoon nearly faced “financial collapse.”

Still, the cases and investigations are multiplying at a rate that is likely to worry people in the Trump organization. “Those close to Mr. Trump expect more lawsuits.”

The most pressing question now is how the lawsuits and investigations will affect Trump’s 2024 presidential ambitions.