Huge loss in NY court for Quad Indicted
QI found to have committed fraud by NY State judge. Seems tRump overvalued his A$$ets—BIGGLY!
Stay tuned—it goes to trial Monday!
Stay tuned—it goes to trial Monday!
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MistyCee Best Comment
Follow the link for a copy of the actual opinion. Needless to say, Trump has to appeal, but hopefully New York State law will require him to post security to do so.
Donald Trump committed fraud, judge rules in New York civil suit https://www.courthousenews.com/donald-trump-committed-fraud-judge-rules-in-new-york-civil-suit/
Donald Trump committed fraud, judge rules in New York civil suit https://www.courthousenews.com/donald-trump-committed-fraud-judge-rules-in-new-york-civil-suit/
ElwoodBlues · M
@MistyCee The trial that starts Monday will be to decide what he owes in damages. Wouldn't he have to put the full amount of damages (possibly as high as $250 million in this case) in escrow to appeal?
From your link:
OUCH!! That's gotta hurt!!!
From your link:
Engoron imposed sanctions in Tuesday's ruling: He canceled New York business certificates for Trump and the other defendants, which include two of his adult children, and gave them 10 days to “recommend the names of no more than three potential independent receivers to manage the dissolution of the canceled LLCs.”
OUCH!! That's gotta hurt!!!
@ElwoodBlues I really don't know what NY law is with regard to supersedeas bonds, but it's worth noting that the injunctive relief relating to control of the businesses may well cause him far more damage than just the damages sought.
I could see him not challenging the liability ruling until after the damages trial is held, but that seems like a pretty crippling ruling appointing liquidators for dissolution and dissolving certificates. If he didn't have control of his businesses, what can he use to post security?
I could see him not challenging the liability ruling until after the damages trial is held, but that seems like a pretty crippling ruling appointing liquidators for dissolution and dissolving certificates. If he didn't have control of his businesses, what can he use to post security?
