Donald Trump ordered to pay E. Jean Carroll $83.3 million, will appeal verdict

[KCfromNC]

Well, imho, his supporters will help him pay off this judgement. He will grift and fleece them like he always has done.

Yeah, but that's less money going into his campaign. So win win, I guess.

 

[Maria Billingsley]

Indeed. So I presume if he doesn't have a spare $83m lying around then he's going to have to unload some of his assets.

I found this interesting.....

When are corporation assets not protected?

• Piercing the corporate veil: If the court finds that the corporation was a mere "sham" used to shield personal activity, and there was no real separation between the corporation and the individual's actions, the court may disregard the corporate form and hold the individual personally liable for the corporation's debts. This typically requires evidence of intentional wrongdoing or misuse of the corporation for personal gain.
• Personal guarantees: If the president of the board personally guarantees a debt or obligation of the corporation, they become personally liable for that debt if the corporation fails to fulfill it.
• Breach of fiduciary duty: If the president of the board breaches their fiduciary duties to the corporation, such as by engaging in self-dealing or misusing corporate assets, they may be held personally liable for the resulting damages.
• Environmental or safety violations: In some cases, corporate officers can be held personally liable for environmental or safety violations committed by the corporation, especially if they were directly involved in the violation or knew about it and failed to take corrective action.

Additional factors to consider:

• Jurisdiction: Laws regarding limited liability and piercing the corporate veil can vary depending on the jurisdiction.
• Specifics of the lawsuit: The nature of the lawsuit against the president of the board will also play a role in determining whether the corporation's assets are protected.

 

[Maria Billingsley]

Indeed. So I presume if he doesn't have a spare $83m lying around then he's going to have to unload some of his assets.

He may try to get the RNC to pay for it. All along he has claimed this suit to be political in nature. All I know , not a dime will be paid by him. After all he is the new " Teflon Don"!

 

[Bradskii]

I found this interesting.....

When are corporation assets not protected?

• Piercing the corporate veil: If the court finds that the corporation was a mere "sham" used to shield personal activity, and there was no real separation between the corporation and the individual's actions, the court may disregard the corporate form and hold the individual personally liable for the corporation's debts. This typically requires evidence of intentional wrongdoing or misuse of the corporation for personal gain.
• Personal guarantees: If the president of the board personally guarantees a debt or obligation of the corporation, they become personally liable for that debt if the corporation fails to fulfill it.
• Breach of fiduciary duty: If the president of the board breaches their fiduciary duties to the corporation, such as by engaging in self-dealing or misusing corporate assets, they may be held personally liable for the resulting damages.
• Environmental or safety violations: In some cases, corporate officers can be held personally liable for environmental or safety violations committed by the corporation, especially if they were directly involved in the violation or knew about it and failed to take corrective action.

Additional factors to consider:

• Jurisdiction: Laws regarding limited liability and piercing the corporate veil can vary depending on the jurisdiction.
• Specifics of the lawsuit: The nature of the lawsuit against the president of the board will also play a role in determining whether the corporation's assets are protected.

Those examples seem to be an individual's risk (president etc) if a corporation is issued a fine. In the case in hand, does Trump himself own, for example, Mar A Lago? I'd assume so. So he could sell it if he was short of cash.

 

[Bradskii]

He may try to get the RNC to pay for it.

I may be wrong, but I don't think that can be done. His fine needs to be paid with his money.

 

[Elliewaves]

He may try to get the RNC to pay for it. All along he has claimed this suit to be political in nature. All I know , not a dime will be paid by him. After all he is the new " Teflon Don"!

The RNC is strapped for cash and could be broke. I think it has to be from his own money legally anyway. He will probably try to use his donations to pay it, or money from his merch. So if people are buying trump merch from him ; the money is really going to Mrs. Carrol.

 

[Hank77]

Mr Trump could have saved $73 million by simply not continuing to defame a person he had been found guilty of defaming. Is someone with this poor insight lack of long term thinking fit to be in charge of the arsenal of the most powerful military on Earth?

He has no control over his emotions and allows them to guide the decisions he makes unless someone, several someones, are there to rein in him.
I'm grateful to the people who managed to rein him in for his four years in office.

 

[Hank77]

He probably genuinely believed it was okay to do a sexual assault on her.

His deposition made it clear about what he thinks about men like him being able to use women and get away with it.

 

[Hans Blaster]

Those examples seem to be an individual's risk (president etc) if a corporation is issued a fine. In the case in hand, does Trump himself own, for example, Mar A Lago? I'd assume so. So he could sell it if he was short of cash.

Virtually all of Trump's assets (all as far as anyone can tell, info from asset disclosures during presidency) are owned by individual LLCs. If he personally needs cash that isn't available he'll need to liquidate assets. The Carroll judgement come from his personal funds, but any fine in the NYAG case (next week?) will be to the umbrella corporation.

 

[Hank77]

Those examples seem to be an individual's risk (president etc) if a corporation is issued a fine. In the case in hand, does Trump himself own, for example, Mar A Lago? I'd assume so. So he could sell it if he was short of cash.

It could be that he won't be able to get cash or living expenses any other way.

The other side of the coin is whether creditors can come after your business if you fail to pay your personal debts. In general, the same rules apply.

If you're an owner of a corporation or LLC, you are a separate entity from the business, and the business isn't responsible for your personal debts. But while creditors generally can't take your business assets to pay your personal debts, they can take funds your business owes you. (Getting money that the LLC owes its member is called a "charging order," in which the court orders the LLC to pay the creditor instead.) In a corporation, a creditor with a judgment against a shareholder could end up controlling the business, as you'll see below.

Are You Personally Liable for Your Business's Debts?

Learn whether a business creditor can come after your house, bank account, or other personal property.

www.nolo.com

 

[Larniavc]

the umbrella corporation.

Finally the Zombie holocaust will be upon us (with Trump as a very low rent Wesker).

 

[SimplyMe]

It could be that he won't be able to get cash or living expenses any other way.

The other side of the coin is whether creditors can come after your business if you fail to pay your personal debts. In general, the same rules apply.

If you're an owner of a corporation or LLC, you are a separate entity from the business, and the business isn't responsible for your personal debts. But while creditors generally can't take your business assets to pay your personal debts, they can take funds your business owes you. (Getting money that the LLC owes its member is called a "charging order," in which the court orders the LLC to pay the creditor instead.) In a corporation, a creditor with a judgment against a shareholder could end up controlling the business, as you'll see below.

Are You Personally Liable for Your Business's Debts?

Learn whether a business creditor can come after your house, bank account, or other personal property.

www.nolo.com

Which is an interesting point. With Trump's fraud case, one of the possible outcomes is that the Trump family will no longer be able to do business in New York, meaning that the Trump Organization will be put into receivership and dissolved. At that time, any money produced from the sale of the business, after debts and fines are paid, will go to the owners -- Donald Trump. With the Carroll verdict, if that has not been paid previously, you have to suspect that any money left over from the Trump Organization would go to pay off the Carroll verdict, prior to them giving the money back to Donald.

 

[Vambram]

Trump lawyers to use ‘conflict of interest’ between judge, Carroll’s attorney in appeal of $83.3M jury verdict: ‘Insane’

“It was never disclosed. It’s insane and so incestuous,” Habba said, insisting neither the 79-year-old judge nor Roberta Kaplan, 57, who aren’t related, disclosed the “conflict of inter…

nypost.com

Donald Trump’s lawyers will use an “insane” and previously unknown “conflict of interest” between E. Jean Carroll’s lawyer and the judge presiding over her defamation case against the former president as the basis of their appeal seeking to toss the eye-popping $83.3 million jury verdict, The Post has learned.

Trump lawyer Alina Habba said she was unaware Manhattan federal Judge Lewis Kaplan and Carroll’s lawyer Roberta Kaplan worked together in the early 1990s at the same powerhouse white-shoe law firm until Saturday, when asked about it by Post columnist Charles Gasparino, who was told by a source that the judge was once Roberta Kaplan’s “mentor.

“It was never disclosed. It’s insane and so incestuous,” Habba said, insisting neither the 79-year-old judge nor Roberta Kaplan, 57, who aren’t related, disclosed the “conflict of interest” and a violation of judicial ethics rules.

 

[ozso]

“It’s insane and so incestuous,” Habba said

I'm glad I wasn't sipping my coffee when I read that.

 

[ozso]

Virtually all of Trump's assets (all as far as anyone can tell, info from asset disclosures during presidency) are owned by individual LLCs. If he personally needs cash that isn't available he'll need to liquidate assets. The Carroll judgement come from his personal funds, but any fine in the NYAG case (next week?) will be to the umbrella corporation.

From what I heard they'll start siphoning his bank accounts and liquidating his assets for him.

 

[Vambram]

From what I heard they'll start siphoning his bank accounts and liquidating his assets for him.

All of these recent verdicts in New York City will be appealed. I suggest that NYC "justice system" does not count their chickens before they are hatched.

 

[Vambram]

I'm glad I wasn't sipping my coffee when I read that.

I'm glad you found it amusing. I take it then that you don't see a conflict of interest with the judge and prosecuting attorney?

 

[ozso]

I'm glad you found it amusing. I take it then that you don't see a conflict of interest with the judge and prosecuting attorney?

I see there being a potential conflict, but calling it "incestuous" is worthy of a spit take.

 

[Arcangl86]

I'm glad you found it amusing. I take it then that you don't see a conflict of interest with the judge and prosecuting attorney?

1) One there was no prosecuting attorney because this wasn't a criminal case.
2) There is no conflict of interest. They worked together in the same large law firm for two years, her as an associate and him as a partner and that was 30 years ago. There is no reason to think that a tenuous relationship would influence the trial.

 

[ozso]

Well, imho, his supporters will help him pay off this judgement. He will grift and fleece them like he always has done.

I looked and there isn't a GoFundMe page for it... yet.