Trump's Billion-Dollar Defaming Claim
By Gina Serpe
The Donald's got a new suit, and no, it's not from the Trump Signature Collection.
The real estate mogul cum reality TV star has filed a $5 billion--yes, billion--defamation lawsuit against Warner Books and author Timothy O'Brien for publishing claims that Trump's net worth is considerably lower than he professes.
Though if he wins, it certainly won't be.
O'Brien, a New York Times reporter who has covered Trump's businesses for more than a decade, wrote in TrumpNation: The Art of Being the Donald that The Apprentice star had repeatedly exaggerated his wealth and "was not remotely close to being a billionaire."
The book actually pegs Trump's worth "somewhere between $150 million and $250 million," hardly chump change but a figure much lower than the billions the mogul says he has accumulated, and one he claims in the lawsuit is "grossly misrepresented."
In addition to appearing in O'Brien's book, published last year by Warner Books, the unflattering allegations also appeared in a story on the front page of the Times' business section.
"Rather than sitting back and letting false statements be published without challenge, I believe it is important to expose irresponsible, malicious and false reporting," Trump says in a statement.
In the lawsuit, filed Monday in New Jersey state court, Trump is seeking $2.5 billion in compensatory damages and $2.5 billion in punitive damages.
"The writer and publisher of this book knew full well that their statements were false and malicious, but in hopes of generating book sales, they did not care," Trump continues. "In so doing, they exposed themselves to this lawsuit."
The suit claims that O'Brien knowingly made egregious and misleading statements about Trump, his family, his personal life and his business dealings, though the main issue is the question over his net worth.
Trump said he provided full details of his finances to O'Brien prior to the book being published, the same details he previously made available to Forbes, which came up with an altogether different account of his holdings.
"Forbes magazine rigorously analyzed the very same book and records and other financial data that O'Brien and Warner chose to ignore, and concluded that Trump's net worth conservatively is at least $2.7 billion," Trump's lawyers trumpet in a statement.
Neither Warner Books nor the New York Times have commented on the matter, leaving the last word Trump himself.
"I'm looking for love. Real love. Ridiculous, inconvenient, consuming, can't-live-without-each-other love." - Carrie Bradshaw
"The danger of an adventure is worth a thousand days of ease and comfort" - Paulo Coehlo
Live your life like it's your last day on earth
Life is not how many breaths you take, but how many moments take your breath away.
Yeah, okay... like he should be awarded that kind of money. Lets make the rich, even richer... while there are poor people that struggle to put food on the table, and give their children clothes to wear that aren't too small, or falling apart because they are hand-me-downs.
Poor Trump GET A LIFE, YOU LOSER!!!!
And if this is going to really be a case, I hope that he will be THOROUGHLY investigated, and that his "worth" will be reported, down the the fricken penny, and that this will be settled, once and for all.
:::>^..^<::: ~*~The Journey is more important than the end or the start~*~ :::>^..^<:::
oh come on now. Trump's not that rich! I mean I heard he only has 1 yacht! I mean how poor is that!? I'm sure his kids only have like THREE expensive cars to their names. Who can live in that kind of poverty! Only 3 seasonal houses in the world? I mean a normal person needs ATLEAST 5 to live within reason! I personally feel bad for the Trumps. Melanoma Trump only had a wedding that cost her like ONE billion trillion dollars, when you KNOW she would've wanted her dream wedding that's like FIVE billion gazillions. So don't beat down the trumps, they're strugglin'....
"I'm looking for love. Real love. Ridiculous, inconvenient, consuming, can't-live-without-each-other love." - Carrie Bradshaw
"The danger of an adventure is worth a thousand days of ease and comfort" - Paulo Coehlo
Live your life like it's your last day on earth
Life is not how many breaths you take, but how many moments take your breath away.
01-24-2006 11:12 PM
GET A LIFE, YOU LOSER!!!!
