Donald Trump, the former President, has successfully navigated through a multitude of legal challenges that seemed insurmountable just a year ago.
Despite recent victories for his legal team, he still faces potential financial repercussions from various civil lawsuits totaling approximately $563 million.
These looming monetary consequences could materialize before the year’s end, regardless of Trump’s future political prospects.
The Washington Examiner reports that three civil cases have resulted in the staggering sum mentioned above. Trump’s legal representatives are preparing to vigorously contest as much of this amount as possible.
Two of these cases originate from lawsuits brought by author E. Jean Carroll, while the largest judgment stems from a civil fraud case filed by AG Letitia James against the former president.
With the possibility of being liable for over half a billion dollars by year-end, it comes as no surprise that Trump’s legal team is intensively working to minimize the potential financial impact.
Kevin McMunigal, a professor at Case Western Reserve University Law School, highlighted the exceptional nature of this situation.
“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 legal team is anticipated to initially seek to have the judgments dismissed, and if unsuccessful, to endeavor to negotiate the owed amount as much as possible.
It seems unlikely that Trump will need to pay any money before the November Election Day, as experts predict that the appeals processes will extend beyond that time.
Trump and his lawyers will strive to involve state high courts in the proceedings, and although not mandated to take on such cases, many legal experts anticipate that they will agree due to the involvement of a former president.
Ultimately, only time will reveal the true capabilities of Trump’s legal team when he requires their assistance the most, particularly in financial terms.
