According to the New York Times, the NY AG refused to settle before she sued the company.
It is possible that Trump and at least one of his children will be named in the lawsuit.
Many of the documents the AG is looking at have been signed by Eric Trump.
New York's attorney general doesn't like money.
According to the New York Times, Letitia James has rejected at least one settlement offer.
According to Insider, the failed negotiations may clear the way for her fraud lawsuit against the Trump Organization, the former president's $3 billion real estate and golf resort company.
James has accused Trump of inflating the value of his properties on official documents used to get hundreds of millions of dollars in bank loans and tax breaks.
James is considering a lawsuit against Trump and at least one of his adult children.
Eric Trump, who signed many of the documents and negotiated some of the deals the AG is eyeing, has been described in court papers as a target of the inquiry.
Eric Trump, who served as an executive vice president of their father's company, has been treated as a witness.
The person who confirmed the Times report to Insider was not authorized to speak about the negotiations. Lawyers for Trump and James didn't respond to questions.
Business Insider has an article on it.
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