Giuliani is disbarred in New York as court finds he repeatedly lied about Trump's 2020 election loss

NEW YORK (AP) — Rudy Giuliani, the former New York City mayor, federal prosecutor and legal adviser to Donald Trump, was disbarred in New York on Tuesday after a court found he repeatedly made false statements about Trump's 2020 election loss.

The Manhattan appeals court ruled Giuliani, who had his New York law license suspended in 2021 for making false statements around the election, is no longer allowed to practice law in the state, effective immediately.

“The seriousness of respondent’s misconduct cannot be overstated,” the decision reads. Giuliani “flagrantly misused” his position and “baselessly attacked and undermined the integrity of this country’s electoral process.”

“In so doing, respondent not only deliberately violated some of the most fundamental tenets of the legal profession, but he also actively contributed to the national strife that has followed the 2020 Presidential election, for which he is entirely unrepentant,” the court wrote.

Giuliani said Tuesday that he wasn’t surprised to lose his law license in his hometown, claiming in a post on the social media platform X that the case was “based on an activist complaint, replete with false arguments.”

The former mob prosecutor was admitted to the New York bar in 1969, but before pleading Trump’s case in November 2020, Giuliani had not appeared in court as an attorney since 1992, according to court records.

A Giuliani spokesperson, Ted Goodman, said the man once dubbed “America’s mayor” will appeal the “objectively flawed” decision by the midlevel state court. He also called on others in the legal community to speak out against the “politically and ideologically corrupted decision.”

Giuliani’s attorney Arthur Aidala was more measured, saying his legal team was “obviously disappointed” but not surprised by the decision. He said they “put up a valiant effort” to prevent the disbarment but “saw the writing on the wall.”

Giuliani argued in hearings held last October that he believed the claims he was making on behalf of the Trump campaign were true, but the court, in its decision, said it wasn't convinced.

“Contrary to respondent’s allegations, there is nothing on the record before us that would permit the conclusion that respondent lacked knowledge of the falsehood of the numerous statements that he made, and that he had a good faith basis to believe them to be true,” the decision reads.

Among other things, the court said it found that Giuliani “falsely and dishonestly” claimed during the 2020 Presidential election that thousands of votes were cast in the names of dead people in Philadelphia, including a ballot in the name of the late boxing great Joe Frazier. He also falsely claimed people were taken from nearby Camden, New Jersey, to vote illegally in the Pennsylvania city, the court said.

“These false statements were made to improperly bolster respondent’s narrative that due to widespread voter fraud, victory in the 2020 United States presidential election was stolen from his client,” the decision read.

The disbarment comes amid mounting woes for the 80-year-old Giuliani. In May, WABC radio suspended him and canceled his daily talk show because he refused to stop making false claims about the 2020 election.

Giuliani is also facing the possibility of losing his law license in Washington. A board in May recommended that he be disbarred, though a court has the final say.

He also filed for bankruptcy last year after being ordered to pay $148 million in damages to two former Georgia election workers over lies he spread about them that upended their lives with racist threats and harassment.

Giuliani on Monday asked a federal judge to convert his bankruptcy case from a reorganization to a liquidation, which would mean most of his assets would be sold off to help pay what he owes creditors. At the end of May, he had about $94,000 in cash on hand while his company, Giuliani Communications, had about $237,000 in the bank, according to court documents.

Giuliani is also facing criminal charges in Georgia and Arizona over his role in the effort to overturn the 2020 election. He has pleaded not guilty in both cases.

He’s charged in Georgia with making false statements and soliciting false testimony, conspiring to create phony paperwork and asking state lawmakers to violate their oath of office to appoint an alternate slate of pro-Trump electors.

The Arizona indictment accuses Giuliani of pressuring Maricopa County officials and state legislators to change the outcome of Arizona’s results and encouraging Republican electors in the state to vote for Trump in December 2020.

Giuliani built his public persona by practicing law, as the top federal prosecutor in Manhattan in the 1980s, when he went after mobsters, powerbrokers and others. The law-and-order reputation helped catapult him into politics, governing the United States’ most populous city when it was beset by high crime.

The Republican was lauded for holding the city together after the Sept. 11 terror attacks, when two hijacked planes slammed into the twin towers of the World Trade Center, killing more than 2,700 people.

But after unsuccessful runs for the U.S. Senate and the presidency, and a lucrative career as a globetrotting consultant, Giuliani smashed his image as a centrist who could get along with Democrats as he became one of Trump’s most loyal defenders.

He was the primary mouthpiece for Trump’s false claims of election fraud after the 2020 vote, infamously standing at a press conference in front of Four Seasons Total Landscaping outside Philadelphia saying the campaign would challenge what he claimed was a vast conspiracy by Joe Biden and fellow Democrats.

Lies around the election results helped push an angry mob of pro-Trump rioters to storm the U.S. Capitol on Jan. 6, 2021, in an effort to stop the certification of Biden’s victory.

Associated Press reporters Karen Matthews and Jennifer Peltz in New York, Michael Sisak in Fort Pierce, Fla., Dave Collins in Hartford, Conn. and Alanna Durkin Richer in Washington contributed to this story.

FILE - Rudy Giuliani arrives at the Fulton County Courthouse, Aug. 17, 2022, in Atlanta. Giuliani has been disbarred in New York. The former New York City mayor, federal prosecutor and legal adviser to Donald Trump received the decision Tuesday, July 2, 2024 from an appeals court in Manhattan.(AP Photo/John Bazemore, File)

FILE - Rudy Giuliani talks to reporters as he leaves after his defamation trial in Washington, Dec. 15, 2023. Giuliani has been disbarred in New York. The former New York City mayor, federal prosecutor and legal adviser to Donald Trump received the decision Tuesday, July 2, 2024 from an appeals court in Manhattan. (AP Photo/Jose Luis Magana, File)

FILE - Rudy Giuliani speaks during a news conference outside federal court in Washington, Dec. 15, 2023. Giuliani has been disbarred in New York. The former New York City mayor, federal prosecutor and legal adviser to Donald Trump received the decision Tuesday, July 2, 2024 from an appeals court in Manhattan.(AP Photo/Jose Luis Magana, File)

NEW YORK (AP) — The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake.

The new entity will be called Saks Global, creating a luxury powerhouse at a time when the arena has become increasingly fragmented with different players, from online marketplaces that sell luxury goods to upscale fashion and accessories brands opening up their own stores.

The new organization will comprise the Saks Fifth Avenue and Saks OFF 5TH brands, Neiman Marcus and Bergdorf Goodman, as well as the real estate assets of Neiman Marcus Group and HBC, a holding company that purchased Saks in 2013.

The stores will continue to operate under their own brand names.

HBC has secured $1.15 billion in financing from investment funds and accounts managed by affiliates of Apollo, and a $2 billion fully committed revolving asset based loan facility from Bank of America, which is the lead underwriter, Citigroup, Morgan Stanley, RBC Capital Markets, and Wells Fargo.

The deal, announced Thursday, comes after the two department store chains had been negotiating a deal for about a year. But the twist is Amazon’s minority stake, which adds “a bit of spice” to an otherwise anticipated pact, according to Neil Saunders, managing director of GlobalData, a research firm. Amazon will be working with Saks Global to offer its expertise in logistics and personalization technology. Salesforce, a cloud-based software powerhouse, will also become an investor at closing.

The Wall Street Journal first reported the impending deal Wednesday.

“For years, many in the industry have anticipated this transaction and the benefits it would drive for customers, partners and employees," said Richard Baker, HBC executive chairman and CEO in a statement. “This is an exciting time in luxury retail, with technological advancements creating new opportunities to redefine the customer experience, and we look forward to unlocking significant value for our customers, brand partners and employees."

Marc Metrick, who is CEO of Saks' e-commerce business, will become CEO of Saks Global. He told The Associated Press on Thursday during a phone interview that consumers are increasingly demanding more access to designer product, easier ways to shop and more personalized experiences.

“This type of combination was the next move to make in order to put Saks, Neiman Marcus and Bergdorf Goodman where they need to be for the consumer, ” he said.

Both Saks and Neiman Marcus have struggled as shoppers have been pulling back on buying high-end goods and shifting their spending toward experiences, like travel and upscale restaurants. The two iconic luxury purveyors have also faced stiffer competition from luxury brands, which are increasingly opening their own stores.

The deal should help reduce operating costs and create more negotiating power with vendors. The new entity will also give shoppers better access to more designers, particularly up-and-coming ones as it will have more financial flexibility. Shoppers will also see their experiences more personalized through improved use of artificial intelligence, Metrick said.

Saks Fifth Avenue currently operates 39 stores in the U.S., including its Manhattan flagship. In early 2021, Saks spun off its website into a separate company, with the hopes of expanding that business at a time when more people were shopping online.

Neiman Marcus filed for bankruptcy protection in May 2020 during the first months of the coronavirus pandemic but emerged in September of that year. Like many of its peers, the privately held department store chain was forced to temporarily close its stores for several months.

Meanwhile, other department stores are under pressure to keep increasing sales.

Storied Lord & Taylor announced in late August 2020 it was closing all its stores after filing for bankruptcy earlier that month. It's operating online. Macy’s announced in February of this year that it will close 150 unproductive namesake stores over the next three years including 50 by year-end.

Consumers have proven resilient and willing to shop even after a bout of inflation, though behaviors have shifted, with some Americans trading down to lower-priced goods.

A deal between the two luxury retailers does not resolve all the issues, especially when high-end shoppers are looking to buy luxury goods online or at luxury brands' own stores, Saunders said.

“As a larger entity, negotiating power will be a little better with the brands, but even a combined chain would not match the heft and power of the global luxury conglomerates, which would still hold most of the cards,” Saunders said. “As such, there is a risk that the deal might end up creating an even bigger headache for Saks.”

Saunders noted that Amazon's stake in the business makes sense, as it has ambitions to play more heavily in the luxury arena. Saunders said Amazon could use its ability to streamline logistics and e-commerce and create an advantage for the new entity in a market where online shopping has become more important to shoppers — especially younger ones, which both chains need to do more to attract, he said.

Saks Global will also include HBC’s U.S. real estate assets and Neiman Marcus Group’s real estate assets, creating a $7 billion portfolio of retail real estate assets in top-tier luxury shopping destinations. Ian Putnam, currently president and CEO of HBC Properties and Investments, will become CEO of Saks Global Properties and Investments, which will manage the company’s portfolio of assets.

Both Metrick and Putnam will report to Baker, who will serve as executive chairman of Saks Global.

FILE - Shoppers walk into the Neiman Marcus retail department store at NorthPark shopping center in Dallas, March 30, 2023. The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus for $2.65 billion. The buyout was announced Thursday, July 4, 2024, after months of rumors that the department store chains had been negotiating a deal. (AP Photo/LM Otero, File)

FILE — A Saks & Company doorman opens the 50th Street store entrance for customers, in New York, May 21, 1996. The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus for $2.65 billion. The buyout was announced Thursday, July 4, 2024, after months of rumors that the department store chains had been negotiating a deal. (AP Photo/Richard Drew, File)

A Neiman Marcus sign is shown in San Francisco, Sunday, March 17, 2024. The parent company of Saks Fifth Avenue has signed a deal, Thursday, July 4, 2024, to buy upscale rival Neiman Marcus for $2.65 billion.(AP Photo/Jeff Chiu)