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Financial Damages

All articles tagged with #financial damages

legal-politics1 year ago•7 min saved

"Trump Fined $355M, Banned from NY Businesses for 3 Years in Civil Fraud Trial"

A judge has fined Donald Trump and his company over $350 million in damages and barred him from running businesses in New York for three years, citing business fraud. The ruling also prohibits Trump from serving as an officer or director of any New York corporation for three years and from applying for bank loans. The judge criticized Trump and his executives for their lack of remorse and ordered the installation of an Independent Director of Compliance for the company. Trump faces multiple legal challenges, including four pending criminal trials, and plans to appeal the verdict.

via NBC News|

#business-fraud #civil-trial #donald-trump

business2 years ago•3 min saved

Rudy Giuliani's Net Worth and Assets Amid Defamation Trial: A 2023 Update

Former New York mayor Rudy Giuliani, facing a defamation trial, has been ordered to pay $148 million in damages to two Georgia election workers. Giuliani's attorney claims that paying the requested amount would financially ruin him. Giuliani's current net worth is estimated to be less than $50 million, down from over $50 million 15 years ago. He has faced financial challenges due to expensive lawsuits, a third divorce, and outstanding legal fees. Giuliani has attempted to generate cash through various means, including selling merchandise and offering video messages for a fee. It remains unclear how much Giuliani can afford to pay in damages.

via CBS News|

#assets #business #defamation-trial

business2 years ago•1 min saved

ERCOT to compensate Austin Energy $2.86M for winter storm damages.

Austin Energy will receive a $2.86 million payout from the Electric Reliability Council of Texas (ERCOT) for financial damages caused by the February 2021 winter storm. ERCOT instructed Austin Energy to reduce output on the Fayette power project, causing the company to lose money as it could not sell power into ERCOT's market. The payout will be applied to the power supply adjustment, benefiting Austin Energy customers, and will help hedge against energy market pressures over the next six months.

via KXAN.com|

#austin-energy #business #ercot