And here is Trump's furious response coming, of course, by twitter:

The sleazy New York Democrats, and their now disgraced (and run out of town) A.G. Eric Schneiderman, are doing everything they can to sue me on a foundation that took in $18,800,000 and gave out to charity more money than it took in, $19,200,000. I won’t settle this case!

Schneiderman, who ran the Clinton campaign in New York, never had the guts to bring this ridiculous case, which lingered in their office for almost 2 years. Now he resigned his office in disgrace, and his disciples brought it when we would not settle.

The sleazy New York Democrats, and their now disgraced (and run out of town) A.G. Eric Schneiderman, are doing everything they can to sue me on a foundation that took in $18,800,000 and gave out to charity more money than it took in, $19,200,000. I won’t settle this case!...

— Donald J. Trump (@realDonaldTrump)
June 14, 2018

....Schneiderman, who ran the Clinton campaign in New York, never had the guts to bring this ridiculous case, which lingered in their office for almost 2 years. Now he resigned his office in disgrace, and his disciples brought it when we would not settle.

— Donald J. Trump (@realDonaldTrump)
June 14, 2018

So if Trump "won't settle", does that mean that as part of discovery, the president will finally be forced to disclose his tax records?

Either way, it looks like war is about to break out between the White House and New York prosecutors.

* * *

Disgraced former NY Attorney General may have been a sexual deviant which cost him his job, but his replacement, acting NY AG Barbara Underwood has been busy, and moments ago confirmed that in just a few weeks she collected enough allegations to launch what the NYT called a "scathingly-worded" lawsuit against president Trump, his family and the Trump foundation, accusing the charity and the Trump family of sweeping violations of New York campaign finance laws, self-dealing and illegal coordination with the presidential campaign.

Acting NY AG Barbara Underwood

The lawsuit also accuses defendants of making expenditures to influence the outcome of an election Attorney general accuses defendants of self-dealing, wasting charitable assets, or violating US Tax law. It  seeks restitution of $2.8 million, penalties against the president, a ban on donald trump serving as an officer of a charity, and a declaration that the foundation conducted business in a 'persistently illegal manner' Lawsuit filed in the new york state supreme court in Manhattan.

Our investigation found that the Trump Foundation raised in excess of $2.8 million in a manner designed to influence the 2016 presidential election at the direction and under the...

Read more from our friends at Zero Hedge