• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar

1

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

3

Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
LeadershipNew Jersey Attorney General

What New York AG Eric Schneiderman’s Resignation Could Mean for Trump, Weinstein and Manafort

By
Natasha Bach
Natasha Bach
Down Arrow Button Icon
By
Natasha Bach
Natasha Bach
Down Arrow Button Icon
May 8, 2018, 5:54 AM ET
Add Fortune on Google for similar content.

Eric Schneiderman, New York Attorney General and vocal supporter of women in the #MeToo movement, abruptly resigned Monday, following a report of physical abuse of four women published in The New Yorker.

Who is Schneiderman

Schneiderman had been a rising star in the Democratic Party, championing women’s rights and leading the civil rights lawsuit against the Weinstein Company and Harvey Weinstein himself. Schneiderman had also been a consistent Trump antagonist, working with special counsel Robert Mueller in the investigation of former Trump campaign chairman Paul Manafort, pushing for a delay on the net neutrality vote, and even investigating both Trump University and the Trump Foundation before Trump was elected president.

The reactions

In a statement, Schneiderman had told the reporters of The New Yorker story that “In the privacy of intimate relationships, I have engaged in role-playing and other consensual sexual activity. I have not assaulted anyone. I have never engaged in non-consensual sex, which is a line I would not cross.”

New York Gov. Andrew Cuomo quickly called for Schneiderman’s resignation. Cuomo argued that “no one is above the law,” and noted that his “personal opinion is that, given the damning pattern of facts and corroboration laid out in the article,” Schneiderman cannot continue serving as Attorney General and asked him to resign.

Statement from Governor Andrew Cuomo pic.twitter.com/XHV9g2lxvJ

— Melissa DeRosa (@melissadderosa) May 8, 2018

New York Sen. Kirsten Gillibrand similarly called on Schneiderman to resign, saying that “the violent actions described by multiple women in this story are abhorrent. Based on this extensive and serious reporting, I do not believe that Eric Schneiderman should continue to serve as attorney general. There should be a full and immediate investigation into these credible allegations.”

Cynthia Nixon, who is running against Cuomo for governor of New York, called the allegations “sickening,” and noted that it was “the right decision” for Schneiderman to step down.

The descriptions by these brave women of the physical and sexual abuse they suffered at the hands of NY Attorney General Eric Schneiderman are sickening. It is the right decision for him to resign immediately.

— Cynthia Nixon (@CynthiaNixon) May 8, 2018

Just three hours after the story was published, Schneiderman resigned as Attorney General, saying, “While these allegations are unrelated to my professional conduct or the operations of the office, they will effectively prevent me from leading the office’s work at this critical time. I therefore resign my office, effective at the close of business on May 8, 2018.”

Here's @AGSchneiderman's statement announcing his resignation. pic.twitter.com/BnarfftBFQ

— Jon Campbell (@JonCampbellNY) May 8, 2018

Not surprisingly, considering Schneiderman’s conflictive relationship with the president, Trump supporters were pleased by his downfall. Presidential advisor Kellyanne Conway wrote, “Gotcha.”

Gotcha. https://t.co/a3NPal4z9X

— Kellyanne Conway (@KellyannePolls) May 8, 2018

What happens next

One of Schneiderman’s highest profile ongoing cases is the suit against Weinstein. As recently as last week, Schneiderman announced that he was naming a deputy to investigate the case, which means Schneiderman’s resignation should have little impact.

The federal case against Manafort is still ongoing. However, a federal judge in Virginia questioned Mueller’s prosecution as recently as last week, suggesting that it was “aimed at getting him to provide evidence against the president,” according to The Washington Post. It is not clear how far Schneiderman’s reported investigation into Manafort had gotten, or whether his office was contemplating state money laundering charges, which, according to Scott Turow at Vanity Fair, would be immune from a presidential pardon.

Schneiderman is now under investigation by the Manhattan District Attorney’s office, according to a Monday report from The New York Post.

In the immediate term, Schneiderman’s replacement will need to be found. New York’s constitution dictates that his replacement will be selected by the State Assembly and Senate by a joint ballot.

Schneiderman was up for re-election this year, and no Democrat had announced intentions to challenge him come November. Whoever is chosen to replace him may very well seek election. They will face Manny Alicandro, a corporate lawyer who announced his candidacy on Monday and is running as a Republican.

 

About the Author
By Natasha Bach
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

Latest in Leadership

sp
Big TechMarkets
Alphabet’s SpaceX stake fuels a $98 billion gain, beating estimates
By Barbara Ortutay and The Associated PressJuly 23, 2026
57 minutes ago
Benjamin Franklin's experiment with the kite.
AIScience
The Trump administration is revamping the era of the ‘gentleman scientist.’ It’ll cost $200 billion
By Eva RoytburgJuly 23, 2026
2 hours ago
Amazon founder Jeff Bezos
SuccessBillionaires
Amazon’s Jeff Bezos could be the latest American billionaire to buy into European soccer clubs—he’s eyeing up a stake in Liverpool FC
By Emma BurleighJuly 23, 2026
2 hours ago
Sanae Takaichi
Successwork-life balance
Japan’s prime minister sleeps just ‘zero to three’ hours a night—even as Tokyo pushes a 4-day workweek to fight ‘death by overwork’
By Preston ForeJuly 23, 2026
3 hours ago
All hail London—whatever the U.K.’s new Prime Minister says 
EuropeLetter from London
All hail London—whatever the U.K.’s new Prime Minister says 
By Kamal AhmedJuly 23, 2026
4 hours ago
AI coding company Cursor, soon to be acquired by SpaceX, expands its CFO council
NewslettersCFO Daily
AI coding company Cursor, soon to be acquired by SpaceX, expands its CFO council
By Sheryl EstradaJuly 23, 2026
6 hours ago

Most Popular

The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
Real Estate
The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind
By Nick LichtenbergJuly 22, 2026
1 day ago
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
Success
Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock
By Sasha RogelbergJuly 20, 2026
3 days ago
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
Economy
Scott Bessent casually says the U.S. has more than $1 trillion in gold—and that it doesn’t matter for the dollar
By Sasha RogelbergJuly 22, 2026
23 hours ago
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
Success
'The man who dies rich dies disgraced': The last time America had such wealth inequality, Andrew Carnegie knew he had to give it all away
By Nick LichtenbergJuly 22, 2026
1 day ago
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
AI
Mathematicians grapple with a ‘very rapid and very unsettling change’ as AI cracks yet another century-old problem
By Eva RoytburgJuly 21, 2026
2 days ago
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
Success
Despite a $156 million contract, Knicks star Jalen Brunson still calls his parents for financial advice any time he makes a big purchase
By Emma BurleighJuly 21, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.