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Re: B402 post# 467966

Monday, 03/25/2024 8:24:01 PM

Monday, March 25, 2024 8:24:01 PM

Post# of 487210
B402, The bond Engoron set looks reasonable based on the calculation he used. Salient points from, as you suggested, a fair and reasonable read:

A closer example is Marvell Semiconductor, a company that manufactures computer circuits. Its parent company has $5.5 billion in annual revenue, and it posted a $1.5 billion bond in 2014 over a patent infringement lawsuit brought by Carnegie Mellon University.
[...]
The judgment calculation stemmed from two things: the court’s estimate of profits lost by lenders if Trump had accurately portrayed his properties’ value; and profits from the sale of two properties — Trump International Hotel in Washington, D.C., and a suburban New York City golf course — that the company might not have been able to develop without the financing it received.
[...]
Our ruling

Trump said the $454 million bond he’s been assessed is "unprecedented, and practically impossible for ANY Company" to pay.

It’s not unprecedented — some large companies have previously posted appellate bonds of $1 billion or more.

Larger appeal bonds have typically stemmed from cases involving large or multinational conglomerates, rather than closely held, privately owned companies such as Trump’s.
The statement contains an element of truth; experts have said the judgment against Trump’s company is notably large. But it ignores critical facts about other companies that have paid even larger judgments. We rate it Mostly False

https://www.politifact.com/factchecks/2024/mar/22/donald-trump/trumps-454-million-bond-for-new-york-fraud-case-is/

It was Plato who said, “He, O men, is the wisest, who like Socrates, knows that his wisdom is in truth worth nothing”

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