The U.S. Supreme Court ruled to allow a grand jury to obtain former President Donald Trump’s tax returns and financial records as part of the ongoing criminal investigation headed by Manhattan District Attorney Cyrus Vance.
Trump’s accounting company Mazars USA was ordered to comply with a subpoena to turn over the documents to a New York grand jury convened by Vance. The grand jury is allowed to view the documents in secret so Trump’s financial records will not be released to the public.
The former president’s defense team called Vance’s move to review Trump’s financial records excessive, adding that Trump will suffer “irreparable harm” if the materials are turned over to the grand jury.
“Interim relief is also warranted given the irreparable harm the President will suffer without a stay. Even if the disclosure of his papers is limited to prosecutors and grand jurors, the status quo can never be restored once confidentiality is destroyed,” Trump’s lawyers stated last year.
Vance argued that Trump “has had multiple opportunities for review of his constitutional and state law claims, and at this juncture he provides no grounds for further delay.”
Mazars USA said that it will not contest the subpoena and plans to comply with all legal obligations.