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submitted 4 months ago by MicroWave@lemmy.world to c/news@lemmy.world

Former President Donald Trump owes an additional $87,502 in post-judgment interest every day until he pays the $354 million fine ordered by Judge Arthur Engoron in his civil fraud case, according to ABC News' calculations based on the judge's lengthy ruling in the case.

Judge Engoron on Friday fined Trump $354 million plus approximately $100 million in pre-judgment interest in the civil fraud case brought by New York Attorney General Letitia James, after he found that Trump and his adult sons had inflated Trump's net worth in order to get more favorable loan terms. The former president has denied all wrongdoing and has said he will appeal.

Engoron ordered Trump to pay pre-judgment interest on each ill-gotten gain -- with interest accruing based on the date of each transaction -- as well as a 9% post-judgment interest rate once the court enters the judgment in the case.

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[-] Pretzilla@lemmy.world 62 points 4 months ago

This could really hurt his other legal cases. Lawyers will be less enthused to represent him if he might go bankrupt on them and not pay the bill.

And they will be more likely to demand retainer at onset. One recently demanded $3M retainer before starting.

[-] normanwall@lemmy.world 33 points 4 months ago

Unfortunately, there are always more lawyers stupid enough to work for him and assume they'll get paid. I think the quality on average just gradually goes down.

[-] HopeOfTheGunblade@kbin.social 25 points 4 months ago

Which is doing him unfavors. Appealing this is going to be really hard because Habba didn't lodge any objections to any of the evidence, cutting down grounds for appeal.

[-] Rubanski@lemm.ee 13 points 4 months ago

They are getting paid via "exposure"

[-] CileTheSane@lemmy.ca 6 points 4 months ago

They are getting paid via "exposure"

You think Habba is getting a lot of work from her exposure?

[-] Pretzilla@lemmy.world 8 points 4 months ago

For her next pivot to right wingnut commentator, yep

[-] assassin_aragorn@lemmy.world 3 points 4 months ago

Have you heard her talk? She already is. She's a true believer.

[-] fidodo@lemmy.world 8 points 4 months ago

I'm not sure how the quality can possibly go any lower

[-] gregorum@lemm.ee 3 points 4 months ago

I remember thinking this 5-10 Trump lawyers ago. It can always go lower.

[-] IamSparticles@lemmy.zip 21 points 4 months ago* (last edited 4 months ago)

His lawyers have already been quitting left and right. His lead counsel in the E. Jean Carroll defamation case withdrew in January, leaving Alina Habba, who has very little trial experience, to handle the damages portion of the case. Her inexperience got her in a lot of trouble with the judge. She kept violating basic trial etiquette and trying to argue facts of the case that had already been established (remember, Trump had already been found liable and they were just supposed to be arguing the amount of harm to establish damages).

[-] CileTheSane@lemmy.ca 10 points 4 months ago

Lawyers will be less enthused to represent him if he might go bankrupt on them and not pay the bill.

He wasn't going to pay them anyway.

this post was submitted on 22 Feb 2024
1014 points (98.2% liked)

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