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CNN —The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year. Berkshire revealed it acquired nearly 26 million shares of Chubb in a Wednesday Securities and Exchange Commission filing of the company’s first quarter investments. Buffett, Berkshire’s CEO famous for his investing prowess, has amassed a sizable following of investors who mimic his portfolio moves. The investment in Chubb underscores Berkshire Hathaway’s investment strategy over the past several months. Berkshire also sold 80 million shares of printer company HP in the fourth quarter of 2023, reducing its holdings by 78%.
Persons: Warren Buffett’s Berkshire Hathaway, Chubb, Donald Trump’s, Jean Carroll’s, Buffett, Berkshire’s, Buffett’s, Berkshire Hathaway, Nicole Goodkind Organizations: CNN, Wednesday Securities, Exchange Commission, SEC, Berkshire Hathaway’s, Insurance, Indemnity, American Express, Bank of America, Apple, HP Locations: Berkshire
CNN —A federal judge on Thursday upheld the verdict and award in E. Jean Carroll’s defamation case against former President Donald Trump and denied Trump’s motion for a new trial. Judge Lewis Kaplan, in a written opinion, said Trump’s legal arguments are without merit. The judge also found that the punitive damages the jury awarded to Carroll “passes constitutional muster.”Trump is also separately appealing the verdict. This is a breaking story and will be updated.
Persons: Jean Carroll’s, Donald Trump, Lewis Kaplan, Carroll “, ” Trump Organizations: CNN
CNN —The first criminal trial of former President Donald Trump is here. Trump has complained that he cannot get a fair jury in Manhattan, where the jurors must live. He was fined twice for violating a gag order imposed by New York Judge Arthur Engoron in his civil fraud trial. This payment is not part of the charges against Trump, but prosecutors have said that the testimony would help establish a pattern of payments. Merchan also denied prosecutors’ request to show E. Jean Carroll’s deposition from her defamation case against Trump because it would be “building in a trial into a trial.”
Persons: Donald Trump, Trump, Judge Juan Merchan, Merchan, ” Merchan, , Michael Cohen, they’d, CNN’s Paula Reid, Todd Blanche, Blanche, Chris Conroy, ” Conroy, Daniels, Michael Avenatti, Cohen, , Arthur Engoron, Karen McDougal, McDougal, Prosecutors, Jean Carroll’s Organizations: CNN, Republican, Manhattan, Attorney’s, Judge, New York, Trump . Defense, Monday Trump, Trump, Prosecutors, Social, New, National, American Media Inc Locations: Manhattan, New, New York
Yet even if the higher-end estimate is accurate, as Trump’s lawyers have made clear in sober, detailed filings, it wouldn’t be enough. And at least some of the money Trump does have is tied up in loan agreements that include terms requiring him to have tens of millions of dollars in cash on hand. One insurer, Chubb, underwrote a $91.63 million bond just two weeks ago in another Trump legal loss – E. Jean Carroll’s defamation case. In the past week, the insurer informed Trump’s team it could not accept property as collateral. In total, 30 insurers contacted by Trump’s team declined to pursue the effort to secure a bond.
Persons: Donald Trump’s, Letitia James, Trump, It’s, , , James ’, , Trump’s, Joe Biden’s, Biden, haven’t, SSRS, “ He’s, mused, Chubb, underwrote, Jean Carroll’s, ” Trump, Charlie Rose, “ You’re, I’m, ” Biden, ‘ Mr, ‘ Donald, Organizations: CNN, New, White, New York, Trump, Republican, House, GOP, Senate, Capitol, Biden, Trump’s, Trump Media, Technology Group, Truth Locations: New York, York, Westchester County, Manhattan, Pennsylvania, Michigan, Dallas
CNN —Donald Trump’s attorneys accused Manhattan District Attorney Alvin Bragg of a pursuing a “fantasy” case against the former president by tying hush-money payments made to his former attorney Michael Cohen with the 2016 election. Both Trump’s lawyers and the district attorney’s office have urged the judge to exclude testimony and arguments from the other side. “The case the People charged is a lawless 34-count indictment relating to record entries reflecting monthly retainer payments President Trump made to his personal attorney Michael Cohen in 2017,” Trump’s attorneys wrote. “The People’s motions in limine, on the other hand, describe a fantasy: an uncharged ‘underlying conspiracy’ to ‘influence the 2016 election’ that the District Attorney wishes President Trump had not won. Still, Trump’s attorneys are trying to limit what can go before the jury when the trial begins later this month.
Persons: Donald Trump’s, Attorney Alvin Bragg, Michael Cohen, , Attorney fantasized, , Juan Merchan, Trump, Cohen, Trump’s, reimbursements, Stormy Daniels, Merchan, Daniels, Karen McDougal, McDougal, Bragg’s, FECA, he’s, , Trump confronts Cohen, Jean Carroll’s, Clifford Organizations: CNN, Manhattan, Attorney, Democratic, American Media Inc, National Enquirer, ” Defense, Prosecutors, Trump Locations: Trump’s, York, limine, New York
A more important factor could be whether Trump's real estate assets are already mortgaged, said law professor John Coffee. "He would have to come up with clean real estate property that is not already securing something that some other bank has a lien on," Coffee said. Michele Eve Sandberg | AFP | Getty ImagesIn New York City, the value of Trump's real estate holdings totals $690 million, according to a September 2023 estimate by Forbes. New York Attorney General Letitia James, who brought the fraud case, said she would seize Trump's real estate assets if he cannot pay his civil penalty. They instead offered to post a $100 million bond, but New York appeals court Judge Anil Singh rejected the proposal.
Persons: Donald Trump, Justin Sullivan, Trump, Jeff Bezos, Elon Musk, Chris Kise, haven't, Eric Talley, Talley, Alina Habba, Jean Carroll’s, Carroll, Jane Rosenberg, John Coffee, Jones, Michele Eve Sandberg, Letitia James, Anil Singh, Jean Carroll's, Neil Pedersen, Pedersen, Caitlin Ochs Organizations: Fox News, Greenville Convention Center, Getty, Columbia University, Trump, Manhattan Federal, Trump Organization, Trump National Doral, AFP, Forbes, New York, New, Sons, CNBC Locations: Greenville, Greenville , South Carolina, New York, New York City, Trump National Doral Miami, Miami , Florida, York, Manhattan, New York City , New York, U.S
That new timeline for the written decision by Judge Arthur Engoron is still a "rough estimate" and "subject to modifications," said Alfred Baker, spokesman for the New York State Office of Court Administration. A verdict in the New York civil business fraud trial of former President Donald Trump — which had been anticipated Wednesday — is now expected to arrive in early- to mid-February, a court spokesman said. In the case, New York Attorney General Letitia James accuses Trump, the Trump Organization, his two adult sons, and top company executives of inflating Trump's net worth on his financial statements in violation of a state anti-fraud law. The trial was conducted to determine penalties and resolve other claims of wrongdoing from James' lawsuit. Reuters first reported the new timeframe for the verdict.
Persons: Donald Trump, Alina Habba, Jean Carroll’s, Carroll, Trump, Baker, Judge Arthur Engoron, Alfred Baker, Donald Trump —, Engoron, Letitia James, James Organizations: U.S, Manhattan Federal, New York State, New York, Trump Organization, Reuters Locations: New York City, U.S, New York, Manhattan
Judge Kaplan and Roberta Kaplan (the two are not related) overlapped for about two years in the early 1990s at the Paul, Weiss firm when he was a senior partner and she was a junior associate. Judge Kaplan left the high-profile firm in 1994 when he was nominated to the Southern District of New York where he’s been a sitting federal judge since. In fact, I remember no direct interaction from that time period with Your Honor at all,” Roberta Kaplan wrote in her letter Tuesday addressing the judge. Their interactions have been limited to E Jean Carroll’s litigation against Trump and one other case he presided over, according to Roberta Kaplan. Carroll’s lawyer also said she wanted to respond to the allegations quickly but reserves her right to seek sanctions against Trump’s attorneys.
Persons: Roberta Kaplan, Donald Trump’s, Jean Carroll’s, Alina Habba, Trump, Judge Lewis Kaplan, Judge Kaplan, Paul, Weiss, he’s, , ” Roberta Kaplan, , Habba, Kaplan, ” Habba, Donald Trump Organizations: CNN, Trump, New, Southern, of, Carroll, New York Locations: New York, of New York
Today she’s typically described as a former advice columnist — but that term doesn’t really do justice to E. Jean Carroll’s career pre-Donald Trump. Long before she was one of the longest-serving advice columnists in America, Ms. Carroll blazed trails as a gonzo-style journalist The Times once called “feminism’s answer to Hunter Thompson.”She profiled Lyle Lovett and went camping with the notorious New York curmudgeon Fran Lebovitz for a cover story in Outside. She wrote a famous piece on Dan Rather for Esquire, appeared in the “Best American Best Crime Writing,” and was the first female contributing editor at Playboy — back when people really did read it for the articles. Today, at best, she’s “former Elle advice columnist” E. Jean Caroll.” At worst, she’s the crazy Trump rape lawsuit lady. Or, as she put it in court recently: “Previously, I was known simply as a journalist, and now I’m known as the liar, the fraud and the wack job.”
Persons: , Jean Carroll’s, Donald Trump . Long, Carroll, Hunter Thompson, , Lyle Lovett, Fran Lebovitz, Dan Rather, she’s, Elle, Jean Caroll Organizations: Times, Playboy, Locations: America, New York
CNN —The $83.3 million verdict handed down in E. Jean Carroll’s defamation case against former President Donald Trump on Friday is far more than a judgment against Trump. In May, a Manhattan federal jury found Trump sexually abused Carroll in 1996. Legally, the award is an attempt to quantify the damages Trump wreaked on Carroll’s reputation, her sense of self and her life. I think most humans, including everyone on that jury, recognize that what Trump took from Carroll can’t be quantified. It just hurt.”But if Carroll’s story wasn’t easily slotted onto some universally understood, objective spectrum of sexual violence, that’s because there is no objective spectrum of sexual violence.
Persons: Ana Marie Cox, Jean Carroll’s, Donald Trump, Trump, Carroll —, Ana Marie Cox Faith Fonseca, Carroll, , Biden, Witch Hunt, , Carroll can’t, I’ve, brandish mugshots, won’t, Carroll –, they’ll, , I’m, Megan Twohey, CNN’s Anderson Cooper, can’t, Bergdorf Goodman, Carroll shouldn’t Organizations: CNN, Trump, Republican Party, New York Times Locations: Austin, Manhattan
His testimony, after days of anticipation, lasted less than five minutes. “Defense calls President Donald Trump,” Alina Habba, his lead lawyer, told the court. She asked the former president whether he stood by his remarks in a deposition in which he had called Ms. Carroll a liar. “One hundred percent, yes,” Mr. Trump said. Ms. Carroll’s lawyer, Roberta A. Kaplan, had written to the judge, saying Trump might see a political benefit “from intentionally turning this trial into a circus.”
Persons: Donald J, Trump, Jean Carroll’s, Donald Trump, ” Alina Habba, Carroll, Mr, , Lewis A, Kaplan, Roberta A, Organizations: “ Defense
Welcome to Best of Late Night, a rundown of the previous night’s highlights that lets you sleep — and lets us get paid to watch comedy. Here are the 50 best movies on Netflix right now. Get Ahold of YourselfA judge threatened to remove Donald Trump from court on Wednesday after he could be heard muttering disparaging comments during E. Jean Carroll’s second defamation suit against the former president. “A judge actually had to tell a former president of the United States, ‘You can’t control yourself,’” Seth Meyers said on Thursday. “He can’t even control an umbrella.”
Persons: Donald Trump, Jean Carroll’s, , ’ ” Seth Meyers Organizations: Netflix Locations: United States
Attorney Alina Habba told a judge in a letter that writer E. Jean Carroll’s trial was ruined when Habba elicited from Carroll through her questions that Carroll had deleted an unknown number of social media messages containing death threats. That jury awarded Carroll $5 million in damages. Robbie Kaplan, an attorney for Carroll who is not related to the judge, declined comment. Habba asked the judge to instruct the jury that Carroll had an obligation to minimize the effect of the defamation she endured. The trial resumes Monday, when Trump will have an opportunity to testify after Carroll's lawyers finish presenting their case.
Persons: — Donald Trump’s, Alina Habba, E, Jean Carroll’s, Carroll, Carroll “, Habba, Trump, Judge Lewis A, Kaplan, Goodman, Robbie Kaplan, defames, Organizations: Trump Locations: York
Carroll attorney Shawn Crowley complained about Trump’s audible commentary just before the first break in the trial, after the jury had been excused. Trump, I hope I don’t have to consider excluding you from the trial.”Trump threw up in his hands in protest. “Now look, Ms. Habba,” Kaplan said as Habba began to read from the transcript. One major difference between this trial – a civil trial in federal court – and the Trump Org. civil fraud trial in New York state court is that Trump does not have easy access to a camera at the federal courthouse where the civil defamation trial is taking place.
Persons: Donald Trump, Judge Lewis Kaplan, Jean Carroll, , Trump, Carroll, Shawn Crowley, Kaplan, Crowley, Mr, ” Kaplan, “ Mr, ” Trump, , Judge Arthur Engoron, Engoron, Alina Habba, Elizabeth Williams, she’s, ” Carroll, Carroll’s, brutually, Habba, Michael Madaio, Madaio, there’s, ” Habba, “ We’re, What’s, where’s Trump Carroll, , he’s, – “, He’s Organizations: CNN, Trump, Federal, New York Magazine, Twitter, Facebook, Trump Org Locations: New York, New Hampshire, Florida
Donald Trump secured 51% of the vote in the Iowa caucuses on Monday, while Ron DeSantis and Nikki Haley lagged behind with 21% and 19%. WSJ Senior Political Correspondent Molly Ball explains what the results mean for the Republican nomination race. An additional trial began Tuesday to determine whether he’ll have to pay her even more. Carroll, an author and former Elle magazine columnist, made her sexual-assault allegations against Trump public in 2019, when New York Magazine published an excerpt of her book, which alleged he assaulted her in a Bergdorf Goodman dressing room. In the aftermath, she filed a pair of related lawsuits against Trump.
Persons: Donald Trump, Ron DeSantis, Nikki Haley, Molly Ball, Jim Watson, E, Jean Carroll, Carroll, Goodman Organizations: Republican, Agence France, Elle, Trump, New York Magazine Locations: Iowa
CNN —A federal judge ruled that the jury hearing E. Jean Carroll’s defamation lawsuit will only need to decide how much money Donald Trump will have to pay her, after the judge found the former president was liable for making defamatory statements. Judge Lewis Kaplan said that a federal jury’s verdict earlier this year against Trump will carry over to the defamation case set to go to trial in January involving statements Trump made in 2019 about Carroll’s sexual assault allegations. “The truth or falsity of Mr Trump’s 2019 statements therefore depends – like the truth or falsity of his 2022 statement – on whether Ms Carroll lied about Mr Trump sexually assaulting her,” the judge ruled Wednesday. “The jury’s finding that she did not therefore is binding in this case and precludes Mr Trump from contesting the falsity of his 2019 statements.”Kaplan ruled the trial set for January 15 will be limited to damages. Although her initial lawsuit was filed in 2019, the judge previously allowed Carroll to include comments Trump made at a CNN town hall earlier this year.
Persons: Jean Carroll’s, Donald Trump, Trump, Judge Lewis Kaplan, Carroll, Goodman, didn’t, Trump’s, Ms Carroll, , Mr Trump, ” Kaplan, Jean Carroll, Kaplan, shouldn’t Organizations: CNN, Trump, Wednesday
Given that, Trump’s lawyers may well advise him to stay off the witness stand and avoid the risks of cross examination — but demure silence is hardly in his nature. In Trump’s cross examination, however, the prosecutors would be able to confront him with his false statements one after another, seamlessly telling their entire story of Trump’s duplicity in his own words. The lawyers, some of whom have been identified as unindicted co-conspirators, could assert the Fifth Amendment for themselves, but that would just undermine Trump’s defense. Even assuming there are still employees willing to stand by him, however, Trump’s cronies would not exactly be the most convincing witnesses. Although there would be a hearsay exception for statements showing Trump’s “state of mind,” that would only allow the witnesses to testify to Trump’s actual words.
Persons: Steven Lubet, Williams, Donald Trump, Trump, ” Steven Lubet Randy Belice, John Lauro, , , general’s, Mike Pence’s, Jean Carroll’s, Lauro, , John Eastman, Rudy Giuliani, Mike Pence, confidentially, Trump’s Organizations: Northwestern University Pritzker School of Law, CNN, NBC, New, NPR, Twitter, Facebook, White House, Trump Locations: Washington, United States, Northwestern, New York, Georgia, Trump’s “
That essentially meant that the Justice Department would be substituted as a defendant and the case would likely be dismissed. Trump’s and Carroll’s lawyers will also have an opportunity to weigh in. In light of the developments, the Justice Department said its position had changed. “And a jury has now found that Mr. Trump sexually assaulted Ms. Carroll long before he became President. That history supports an inference that Mr. Trump was motivated by a ‘personal grievance’ stemming from events that occurred many years prior to Mr. Trump’s presidency,” the Justice Department wrote.
Persons: Donald Trump, Jean Carroll’s, Carroll, Trump, Carroll II, Trump’s, couldn’t, Roberta Kaplan, , ” Kaplan Organizations: CNN, The Justice, Trump, Department, Biden, Justice Department, DOJ, Justice, United States Government, Department of Justice Locations: Washington, York, United States
CNN —A federal judge will allow E. Jean Carroll to amend her original defamation lawsuit against former President Donald Trump to include comments he made at a CNN town hall. Carroll, a former magazine columnist, asked the judge for permission to amend the initial November 2019 lawsuit so she could try to seek additional punitive damages after Trump repeated statements a federal jury found to be defamatory. Last month, a jury found in favor of Carroll in her second civil lawsuit, which went to trial. The Justice Department under Trump and Biden said that he was, which tied the original lawsuit up on appeal. Following the May jury finding in Carroll’s favor, the Justice Department has asked for more time, suggesting it was reconsidering its position.
Persons: Jean Carroll, Donald Trump, Carroll, Trump, Jean Carroll’s, , Roberta Kaplan, , Goodman, Biden Organizations: CNN, Justice Department, CNN Republican, The, Department, Trump, Justice Locations: Miami
The order by Judge Lewis A. Kaplan of Federal District Court came over Mr. Trump’s objections. He had asked the judge to stop Ms. Carroll’s defamation lawsuit since, he said, he could not have defamed her in 2019 when he denied her allegation of a decades-old rape. That’s because, Mr. Trump said, a jury in a separate case recently found him liable only for sexually abusing Ms. Carroll, and not for raping her, as she had long insisted. Mr. Trump’s CNN diatribe against Ms. Carroll, 79, followed a civil jury’s verdict last month finding Mr. Trump, 76, liable in the separate case for sexually abusing Ms. Carroll in the mid-1990s. Mr. Trump, in response to questions from the CNN moderator, called Ms. Carroll a “wack job,” said that her claim of a decades-old assault was “fake” and a “made-up story” and that her civil trial was “a rigged deal.”
Persons: Jean Carroll’s, Donald J, Trump, Judge Lewis A, Kaplan, Carroll, Trump’s, Organizations: Manhattan, CNN, Federal, Court, Mr, Trump’s CNN, Social
Ms. Carroll, 79, asked the judge to punish him further in a parallel case that is still open before him. In it, she accused Mr. Trump of defaming her after she publicly disclosed the attack for the first time, in a New York magazine article. Ms. Carroll’s lead lawyer, Roberta A. Kaplan, said in a statement Monday evening that nothing about the verdict in the recent trial was inconsistent with Ms. Carroll’s longstanding claim. She added: “The jury believed E. Jean Carroll when she testified that Trump sexually abused her. As a result, the jury concluded that Trump knowingly lied about Ms. Carroll when he claimed otherwise.”
Persons: Carroll, Trump, Trump’s, Carroll’s, Roberta A, Kaplan, Donald Trump, Jean Carroll’s, Bergdorf Goodman, Ms, Jean Carroll, Organizations: CNN Locations: New York
We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Not to worry, said Senate Minority Leader Mitch McConnell, a veteran of debt limit battles. McConnell’s reassurance that all will work out in the end is validated by history, but that doesn’t mean this time couldn’t be different. “If female voters are key to a Donald Trump victory in 2024, the former president should be in big trouble – but he doesn’t seem to care,” Jill Filipovic observed. “The town hall audience – selected on the basis of their intention to vote in the Republican primary in New Hampshire – appeared to be made up mostly of Trump fans.
In a civil suit like Carroll’s, the jury must determine whether Carroll’s legal team proved that Trump committed battery against Carroll by a preponderance of the evidence. They must also determine that she proved by clear and convincing evidence that the statement was false, and that Trump made the statement with actual malice. Both the preponderance of the evidence standard and the clear and convincing evidence standard are not as high a standard as proof beyond a reasonable doubt, which is used in criminal cases. Clear and convincing evidence is higher than preponderance of the evidence, which means more likely than not. Clear and convincing evidence leaves no substantial doubt in the juror’s mind and establishes that the proposition is highly probable.
I became hyper-critical of myself, as if the defense attorney had set up shop in my own mind. Horrible moments of our lives and how defense attorneys frame them can become public fodder. The goal of a defense attorney seems to be to break the survivor giving testimony. I see a screenshot of text of an exchange between Carroll and Joseph Tacopina, defense attorney for Trump. The National Sexual Assault Hotline is 1-800-656-4673 and provided by RAINN (Rape, Abuse & Incest National Network) 24/7.
As the civil trial over the writer E. Jean Carroll’s allegation that former President Donald J. Trump raped her neared its end, one of her lawyers focused on the man who was missing from the courtroom. Mr. Trump did not testify on his own behalf or even show up. “He just decided not to be here,” the lawyer, Michael J. Ferrara, told the jury on Monday. The rape allegation, he said, was a complete invention. Mr. Tacopina took an uncompromising line during the two-week civil trial in Manhattan federal court, the first time that Mr. Trump, 76, who has faced years of allegations that he engaged in sexual misconduct with women, has had to answer such a claim at trial.
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