Pursued in court, Trump Foundation accepts its dissolution

The Donald J. Trump Foundation has agreed to its dissolution following a lawsuit filed in June for fraudulent use of funds, New York State Attorney General Barbara Underwood said Tuesday.

It stated that the foundation's funds would be distributed, under the control of its services, to charitable organizations.

This agreement must now be approved by a New York State Judge.

Six months ago, Barbara Underwood sued Donald Trump, three of her children and the foundation, claiming that the president had used the foundation illegally as a "checkbook", including for his 2016 campaign.