'Delist': After Rudy Giuliani accused of 'value-destroying conduct' in NYC apartment sale, judge orders him to take it off the market

A federal judge on Thursday ordered Rudy Giuliani to “delist” his multi-million dollar New York City apartment from the market and prove that it is “no longer being offered for sale” days after the Georgia election workers he was found liable for defaming called attention to reporting about the sale price dropping by $525,000.

Ruby Freeman and her daughter Shaye Moss, looking to collect on the $148 million dollar judgment in their favor after the end of Giuliani’s bankruptcy case, sued the former NYC mayor in late August, demanding that he be forced to “turn over personal property in his possession” — including New York Yankees World Series rings, signed Reggie Jackson and Joe DiMaggio memorabilia, watches, a claim for “about” $2 million in “never paid” legal fees for his work on behalf of the 2020 Donald Trump campaign, “cash accounts,” and his “interest” (“1,430 shares of stock”) in the New York apartment.

Since that time, Freeman and Moss have also gone after the bank account for Giuliani Communications LLC, arguing that the funds therein should not be shielded from their collection campaign.

As recently as Wednesday, the plaintiffs’ lawyers alerted U.S. District Judge Lewis Liman to an “urgent” matter. Freeman and Moss expressed concern that about New York Post reporting that Giuliani “‘slashe[d]’ the listing price of his New York Apartment” — his “most valuable single asset.”

The Post report suggested the price drop may be a sign of desperation in trying to sell the apartment. That may be because Global Data Risk — itself looking to collect $300,000 in bankruptcy-related fees — has a lien on the property and could foreclose in a few months .

From Freeman and Moss’ perspective, the “insolvent” Giuliani engaged in “value-destroying conduct” jeopardizing the amount of money they stand to collect, so they asked the judge to order the apartment delisted.

Giuliani’s longtime friend and attorney Kenneth Caruso reacted to the letter with surprise but told the judge there would be no interference.

“I was surprised by the content of Mr. Nathan’s letter of last night. It had been my understanding that Plaintiffs want the New York Apartment sold and monetized. After reading the letter, counsel had a phone call to discuss this issue and numerous other issues relating to the turnover of property, both real and personal,” Caruso wrote. “Counsel had what I believe was a constructive discussion, which will continue after the upcoming holiday (which, of course, starts this evening). I assure the Court, as I assured Plaintiffs’ counsel, that while those discussions continue, Defendant will take no further action with respect to the Apartment, its listing or delisting or marketing, and no further action that could be construed as interference or a violation of a restraining notice.”

For good measure on Thursday, the judge ordered that Giuliani “shall continue to be restrained from interfering with the New York Apartment” and to confirm its not up for sale:

ORDER: To the extent that the restraining notice does not already provide this relief, Giuliani is ordered to delist the New York Apartment with the restraint imposed by this Order to expire (with the possibility of renewal) on October 17, 2024. After October 17, 2024, notwithstanding any expiration of the Order reflected in this paragraph, Giuliani shall continue to be restrained from interfering with the New York Apartment by virtue of the Section 5222(b) restraining notice. Defendant shall file proof on the docket no later than October 4, 2024, that the New York Apartment has been delisted and is no longer being offered for sale. SO ORDERED. (Signed by Judge Lewis J. Liman on 10/3/2024) (ks) (Entered: 10/03/2024)

The post ‘Delist’: Judge orders Rudy Giuliani to take NYC apartment off the market after defamed Georgia election workers sound alarm about ‘value-destroying conduct’ first appeared on Law & Crime .