Trump Org. tries to figure out the future of its business after fraud ruling

The Trump Organization is trying to determine the sweep of Tuesday's ruling that Donald Trump is liable for fraud and what it means for the future of the former president's namesake business, his attorneys say.

At a pre-trial hearing Wednesday, Trump attorneys said they didn't know to which part of the company the ruling applied and were starting to work out what may need to be dissolved to comply with the judge's surprise decision.

Officials from New York Attorney General Letitia James' office also said they needed more time to go through the order.

The fraud case "changed significantly since yesterday," New York Judge Arthur Engoron said in court Wednesday, referring to his stunning ruling where he found Trump and his adult sons liable for fraud and canceled the Trump Organization's business certification.

Addressing the uncertainty from Trump on when a court-appointed manager, known as a receiver, would oversee the dissolution of Trump's corporate entities, Engoron extended the timeline to 30 days to come up with a plan for the receivership, up from the original 10.

The trial, despite Tuesday's ruling which addressed part of James' claims, will still proceed on Monday as scheduled, the judge said.

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