One line buried in the agreement may be cause for concern for James, according to a new report from The Daily Beast, which described the contact as “bizarre” and “shadier than it looks.”

The contract includes a line that if the judgment is “affirmed” or the “appeal is dismissed,” the defendants in the case “shall pay to Plaintiff…the sum directed to be paid by the Judgment plus interests and costs or any part of it as to which said Judgment is affirmed,” without a guarantee the insurance company would pay.

This essentially means that Trump will be required to pay the judgment if he loses the appeal but leaves questions about whether the insurance would pay if he is unable, essentially leaving James in the same position as before Trump secured the bond, according to the report.

  • ganksy@lemmy.world
    link
    fedilink
    arrow-up
    38
    ·
    7 months ago

    Yep we already knew this a few days ago. This article just reframed it in the title as a positive for Trump. In all likelihood he’s probably going to have to liquefy assets now.

    • KnightontheSun@lemmy.world
      link
      fedilink
      arrow-up
      18
      arrow-down
      1
      ·
      7 months ago

      This article just reframed it in the title as a positive for Trump

      It’s Newsweek. So…very much hot garbage yet the site gets referenced here several times a week. Can we please ban the site?

        • wolfpack86@lemmy.world
          link
          fedilink
          arrow-up
          1
          ·
          7 months ago

          Is there a summary here? I thought they had a reputable brand and must’ve missed when it turned to shit/why it turned to shit. Have seen several dragging them recently.