Trump could soon be forced to pay $563 million in civil court case judgements
Former President Donald Trump has managed to avoid a mountain of legal problems that were beyond daunting just a year ago.
However, while his legal team has enjoyed a string of victories as of late, Trump faces potential monetary consequences as a result of several civil lawsuits, which total around $563 million, and he might be on the hook for it before the end of the year, regardless of whether he wins the White House or not.
According to the Washington Examiner, the judgments in three civil cases amount to the aforementioned staggering sum, and Trump's lawyers will soon begin to fight hard to have as much of it thrown out as possible.
Two of the cases stem from lawsuits filed against him by author E. Jean Carroll. The other judgment -- the largest by far -- stems from AG Letitia James' civil fraud case against the former president.
What's going on?
With Trump potentially on the hook for over a half billion dollars by year's end, it's not surprising that his lawyers are working overtime to prevent as much of that from being paid as possible.
Kevin McMunigal, a professor at Case Western Reserve University Law School, explained how bizarre the situation could be.
"It would be this kind of crazy thing unfolding with the lawyers collecting and trying to garner his real estate or, you know, take the classic sort of collection action against a president," he said.
The sum total of what he would have to pay as a result of the judgments equals about 15% of his $4.2 billion networth.
The Examiner noted:
Trump’s civil court case woes will be reignited next week when his attorneys head back to New York as part of his appeal of the $5 million May 2023 verdict in the first E. Jean Carroll case, which involves his denial of the Elle magazine columnist’s claims that he raped her in the mid-1990s.
The outlet further explained:
Later this month, Trump’s attorneys will head to the New York Appellate Division, an intermediary appeals court, in a bid to throw out Judge Arthur Engoron’s ruling in a separate civil case that found he inflated the value of his assets to achieve favorable bank loans and insurance premiums.
His lawyers are expected to first attempt to get the judgments thrown out, and if that fails, attempt to negotiate the total amount owed down as far as possible.
When is it happening?
It doesn't appear as if Trump will have to fork over any money prior to Election Day in November, as experts believe the appeals processes in the cases will last until after then.
Trump and his lawyers will attempt to get state high courts involved in the process, and while the state high courts aren't obligated to take such cases, given that it involves a former president, many legal observers believe the cases will be accepted.
Only time will tell just how good Trump's lawyers really are when he needs them most, at least financially speaking.