Rapidcreek@lemmy.world to politics @lemmy.world · 9 months agoEric Trump says $454m fine imposed on his father ‘doesn’t exist in this country’www.theguardian.comexternal-linkmessage-square19fedilinkarrow-up1166arrow-down112
arrow-up1154arrow-down1external-linkEric Trump says $454m fine imposed on his father ‘doesn’t exist in this country’www.theguardian.comRapidcreek@lemmy.world to politics @lemmy.world · 9 months agomessage-square19fedilink
minus-squareRapidcreek@lemmy.worldOPlinkfedilinkarrow-up111·9 months agoIt’s a disgorgment not a fine. There’s a difference. In 1987, Texaco had to post a bond 22 times the size of the Trump fraud bond. And that was in in 1987 dollars.
minus-squarejordanlund@lemmy.worldMlinkfedilinkarrow-up18·9 months agoWhoah… https://caselaw.findlaw.com/court/us-supreme-court/481/1.html “Appellant obtained a jury verdict of $10.53 billion in its Texas state-court suit alleging that appellee tortiously had induced a third oil company to breach a contract to sell its shares to appellant.”
It’s a disgorgment not a fine. There’s a difference.
In 1987, Texaco had to post a bond 22 times the size of the Trump fraud bond. And that was in in 1987 dollars.
Whoah…
https://caselaw.findlaw.com/court/us-supreme-court/481/1.html
“Appellant obtained a jury verdict of $10.53 billion in its Texas state-court suit alleging that appellee tortiously had induced a third oil company to breach a contract to sell its shares to appellant.”