Lara Trump is on the case. Once she runs the RNC, she'll funnel all the coffers to daddy Trump, killing 2024 elections for the GOP.
Yes, but without prejudice so that if the independent monitor says it's needed or further evidence comes forward, it can still be on the table.
No, those were a separate court statement. That's just in appeal. It was always divided from this list
The loan ban should not be underestimated. The ban is for any bank REGISTERED in NY, not physically located, which is basically every bank.
He literally cannot borrow money for 3 years to pay for his debts. He is going to have to sell a ton of stuff because he can't keep up with payments.
He literally cannot borrow money for 3 years to pay for his debts. He is going to have to sell a ton of stuff because he can't keep up with payments.
Which will make it hard to pay his lawyers in the other cases.
What's tripping me up is on page 92
"Ordered that this Court's September 26, 2023, Decision and Order is hereby modified solely to the extent of vacating the directive to cancel the defendants' business certificates, without prejudice to renewal upon the recommendation of the Independent Monitor or based on substantial evidence;"
This makes it sound like they're no longer vacated?
3 years is definitely light. But for an 80 year-old, 3 years is more like 9 years. By the time the 3 years is up in 2027 - 2028 who knows what mental faculties Trump will have to resume running a company / acquiring loans. I would have preferred at least a 7 year ban (typical bankruptcies bans), but given Trump's age and mental decline, 3 years isn't nothing to sneeze at.
3 year ban is a death sentence given it affects any capacity he has to get a domestic or even foreign loan if they deal within the US via New York. He is going to be forced to sell off assets in order to pay not only his existing penalty but any other outstanding debts he has with interest.
He is useless to either party right now. No docs, no office, no money. Best both leave Senior to rot unless Trump has serious blackmail material on SA and Kushner.
Last few years, Ivanka and Jared have been trying to untangle themselves from Trump.
phisheep
Lost in all of the shuffle is the award of a considerable amount of prejudgment interest. This is an extreme remedy and a very costly one considering the timelines of the case. If the judge applies the statutory judgment interest (9%, no real reason to deviate), I have the actual total as of the date of judgment at approximately $449,562,046
I think because their jobs were to be the financial control roles and they completely, willfully failed to do their jobs.
That was part of the previous summary judgement and is awaiting appeal - since that's not something that can easily be undone.
That's a separate ruling still on appeal. That shouldn't be effected by this
Is it odd that the decision calls out that damages include pre-judgement interest, but doesn't call out the percent?
If the businesses aren't dissolved, who is left to run them? Trump and his sons can't for the next three years; ditto for Weisselberg and McConney. Are there any other officers of note who aren't implicated and explicitly banned from operating as directors per this judgment?
Completely normal. The rate of pre-judgment interest is discretionary. That said, I would be shocked if the judge deviated from the standard 9%.
Yes they are dissolved.. but it has to go through the appeals process
Last edited:
I salute your consistent, excellent work in breaking this down for us, phisheep
Thank you again for your dedication. Whenever the big news happens in one of these cases, I'm always disappointed in the site's "new news, new thread" approach, which leads to your work being pushed out of the way by threads that don't give context or further information.
It truly is Friday. Gonna do a happy dance making burgers tonight.
Engoran overturned the dissolution, saying it's no longer necessary
To quote my own post, CNN is also reporting that the judge modified his directive to no longer cancel the business certificates. Unless folks find otherwise, it does sound like a softening of the original verdict, sadly.
This is the very definition of "rock and a hard place"
He has to put up the money immediately.
But even if he appeals.. he has to put up the money immediately.
So no matter what.. he has to find $400 million under a mattress and can not to business.
All the banks he has loans with, they WILL call the loans in. He has no way to pay them back now.
He has to put up the money immediately.
But even if he appeals.. he has to put up the money immediately.
So no matter what.. he has to find $400 million under a mattress and can not to business.
All the banks he has loans with, they WILL call the loans in. He has no way to pay them back now.
This sounds perfect. Funnel all that money into that Trump blackhole, while killing funding to all other Republican candidates.
Why would every bank call his loans in? I could see NY banks putting a loan on their watch list but I don't see why they would call a loan as long as it is current.
Terms of the loan may be breached. Explicitly being a business loan, for doing business.