President Donald Trump’s $15B lawsuit claims New York Times disparaged his crypto project
US President Donald Trump has launched a $15 billion lawsuit in opposition to The New York Times, claiming the newspaper and a number of other reporters deliberately harmed his status and the TRUMP memecoin project.
In an announcement posted on Truth Social, Trump accused the Times of an extended historical past of “lies and smears” that he believes favor Democrats.
He highlighted the paper’s endorsement of Vice President Kamala Harris over the past election as proof of bias, framing the lawsuit as a response to what he views as partisan assaults.
According to him:
“They practiced this longterm INTENT and sample of abuse, which is each unacceptable and unlawful. The New York Times has been allowed to freely lie, smear, and defame me for much too lengthy, and that stops, NOW! The swimsuit is being introduced within the Great State of Florida. “
A New York Times spokesperson had described the lawsuit as missing any reliable authorized claims and “an try to stifle and discourage unbiased reporting.”
Lawsuit particulars
According to the court docket filing, the lawsuit names a number of New York Times journalists, together with Susanne Craig, Russ Buettner, Peter Baker, and Michael S. Schmidt, as co-defendants.
In addition, the lawsuit additionally named guide publishing agency Penguin Random House, which produced a guide about Trump written by Times journalists.
Trump’s authorized workforce argued that the articles and the next guide had been produced with malice and strategically launched in the course of the election season to inflict most political injury.
The criticism alleged that the publications focused his status as a politician and prolonged to his private companies, together with the Trump Organization, and his media and crypto ventures just like the TRUMP memecoin.
According to the submitting:
“[The] statements falsely forged aspersions on President Trump’s status as a businessman or the Trump Organization’s legitimacy, subsequently trigger direct and simply foreseeable hurt to those companies’ worth, income, and profitability.”
The lawsuit arrives as Trump’s memecoin faces steep market losses. According to information from CryptoSlate, the $TRUMP token has dropped greater than 88% in worth since its launch.
While crypto markets are notoriously risky, Trump’s authorized workforce argued that the sustained detrimental protection worsened the token’s efficiency by undermining investor confidence.
The submit President Donald Trump’s $15B lawsuit claims New York Times disparaged his crypto project appeared first on CryptoSlate.
