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☆ China picks its lowest-scoring officers to command nuclear submarines
▼ + stars: | 2024-04-16 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

The job of commanding a nuclear submarine should go to smart and well-qualified officers. Chinese submarine officers — except for engineers — tend to come from candidates with the lowest college entrance test scores, according to a US analyst. "Life in the PLAN submarine service is difficult," Christopher Sharman, director of the China Maritime Studies Institute, told Business Insider. By stressing Chinese submarine commanders, such as confronting them with multiple or unexpected challenges, they could be goaded into making a mistake. On the other hand, a Chinese submarine captain will have had years of experience and additional training before assuming command.

Persons: Roderick Lee, Lee, they've, George McClellan, —, George Patton, Christopher Sharman, Michael Peck Organizations: Service, Liberation Army Navy, PLAN, Business, Gaokao, PLA, People's, Army, PLAN Engineering University, China Maritime Studies, US Naval War, Submarine Academy, China Daily, Reuters, China's, Military Medical University, China Sea, China Maritime Studies Institute, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Japan, Taiwan, West, China, Russia, South China, Chinese, Forbes

☆ Student-loan borrowers could benefit from Biden's new debt cancellation plan as early as this fall. Here's what you need to know.
▼ + stars: | 2024-04-09 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

Read previewA new student-loan forgiveness plan is coming — and millions of borrowers could benefit. President Joe Biden's administration unveiled new details for a student-debt relief proposal that could benefit over 30 million borrowers. AdvertisementI said I wouldn't back down from using every tool at our disposal to get student loan borrowers the relief they need. That's why today we're announcing new plans that, if implemented, would cancel student debt for millions more. They include:Up to $20,000 in debt relief for over 25 million borrowers whose balances have grown due to unpaid interest.

Persons: —, Joe Biden's, Biden, rNiCxzzlU3 —, Biden's Organizations: Service, Business, House, Public, Federal, GOP Locations: Madison , Wisconsin

☆ It's sentencing day for Sam Bankman-Fried
▼ + stars: | 2024-03-28 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, disgraced crypto executive Sam Bankman-Fried finds out how long he's going to prison . Sam Bankman-Fried, the ex-CEO of FTX and former face of crypto, will be sentenced in a Manhattan courtroom today. An FTX debtor lawyer told the bankruptcy court that FTX customers and creditors "will eventually be paid in full." AdvertisementGetty Images; Alyssa Powell/BIBut according to some, FTX customers getting their money back is despite SBF, not because of him. Almost a third of young people reported using ChatGPT "for tasks at work."

Persons: —, Sam Bankman, Fried, Chelsea Jia Feng, Lewis Kaplan, E, Jean Carroll, Donald Trump, Insider's Jacob Shamsian, FTX, Alyssa Powell, John J, Ray III, SBF, What's, Bernstein, Toni Sacconaghi, they've, Dan DeFrancesco, Hallam Bullock, George Glover, Grace Lett Organizations: Business, Service, Prosecutors, Big Tech, Companies, Pew, ChatGPT, Microsoft, League Baseball's Locations: Manhattan, New York, London, Chicago

☆ Parent of FTX victim who lost $130,000 asks judge to go easy on SBF, suggests six years in prison versus DOJ's 40-50
▼ + stars: | 2024-03-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +7 min

Former FTX CEO Sam Bankman-Fried arrives for a bail hearing at Manhattan Federal Court on August 11, 2023 in New York City. Michael M. Santiago | Getty ImagesHeather Ferguson's son lost approximately $130,000 in cash when crypto exchange FTX went bankrupt in November 2022. Ferguson's letter is part of an eleventh hour push by the defense to appeal to Kaplan's sense of leniency as the judge gears up for Bankman-Fried's sentencing hearing on Thursday. Bankman-Fried's psychiatrist, George Lerner, told Judge Lewis Kaplan in a letter in August that the former FTX CEO has a history of depression and attention-deficit/hyperactivity disorder. Without his medication, Lerner warned the judge, "Bankman-Fried will experience a return of his depression and ADHD symptoms and will be severely negatively impacted in his ability to assist in his own defense."

Persons: Sam Bankman, Fried, Michael M, Heather Ferguson's, Ferguson, District Judge Lewis Kaplan, Yesha Yadav, Dean, Kaplan, George Lerner, Lewis Kaplan, Lerner, Maria Centrella, Asperger's, Judge Kaplan, Michael Lewis's, Sam I, …, Centrella, Joe, Sam, Matt Kelly, Kelly Organizations: Manhattan Federal Court, Santiago, Getty, District, Alameda Research, Vanderbilt University, CNBC, Bankman, Autism, MIT Locations: New York City, Manhattan

☆ A $0 monthly student-loan payment could hurt some borrowers in the long term. An upcoming policy could change that.
▼ + stars: | 2024-03-27 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

A Philadelphia Federal Reserve paper examined $0 monthly student-loan payments on income-driven payment plans. AdvertisementA $0 monthly student-loan payment might only help some borrowers for so long. With student-loan payments often presenting a significant financial burden for borrowers, income-driven repayment plans were created with the idea that borrowers would face a monthly payment they can afford based on their income. In some cases, IDR plans would give borrowers a $0 monthly payment that would still count toward their forgiveness process. Borrowers will still be able to do so manually, but the automatic option could protect those with $0 monthly payments from falling behind on the payment plan's requirements.

Persons: —, servicers Organizations: Philadelphia Federal Reserve, Service, Education Department, Education

☆ Kim Kardashian’s Skims is making bride-to-be Alex Cooper the star of its wedding brand
▼ + stars: | 2024-03-25 | by ( Emily Larcher | Special To Cnbc.Com | ) www.cnbc.com time to read: +2 min

NEW YORK, NEW YORK - NOVEMBER 08: Alex Cooper (C) performs a wedding ceremony during "The Unwell Tour" at The Theater at Madison Square Garden on November 08, 2023 in New York City. (Photo by Gotham/Getty Images)Kim Kardashian's shapewear label Skims has tapped podcaster Alex Cooper to showcase the brand's latest wedding-themed collection. Kardashian said in a press release that Skims "wanted to announce the Wedding Shop with a real bride-to-be." The bride-to-be has been documenting her own journey in wedding planning — both the highs and lows — across her social media accounts and on her podcast. The network is a subsidiary of Cooper's Trending media venture.

Persons: Alex Cooper, Kim Kardashian's, Cooper, Matt Kaplan, Kardashian, —, Kaplan, influencers, Jens Grede, Skims Organizations: NEW, Madison, Garden, Gotham, Spotify, Gen, Entertainment, Skims, WNBA, NBA, USA, New York Times, Bloomberg Locations: New York City

☆ Trump's lawyers dance for him when he's in the courtroom. At a criminal trial, that could torpedo his chances of winning.
▼ + stars: | 2024-03-24 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +15 min

And at a criminal trial, causing a ruckus can bring its own consequences. In a criminal trial, Trump, along with his eager-to-please lawyers, must attend every day. he quipped in response to an argument from one of Trump's lawyers. Technically, Trump faces a maximum of four years in prison for each count he's charged with in his criminal case. The criminal trial will give Trump a chance to hold multiple campaign-boosting rallies before the hallway cameras each day.

Persons: —, Donald Trump, they're, Trump, he's, Jean Carroll, Juan Merchan, Carroll, Roberta Kaplan, Carroll's, Arthur Engoron, shrewdly, TIMOTHY A, CLARY, Stormy Daniels, Melania Trump, Kaplan, Eliza Orlins, Orlins, there's, Susan Necheles, Steven Hirsch, Maggie Haberman's, huff, Lewis Kaplan, Alina Habba, Randy Zelin, they've, Engoron, Letitia James of, York —, Kaplan quizzed, Merchan, He's, Donald Trump's, Seth Wenig Merchan, Prosecutors, Zelin, OJ, I'm Organizations: Service, Secret Service, Business, Trump, New York, sophistry, Attorneys, Getty, Manhattan Criminal, Trump Organization, New York Times, Truth, New, AP, Merchan Locations: Manhattan, New York, New York City, Brooklyn, York, America, U.S, Trump

☆ Weight loss drug Wegovy is now approved for heart health — but that won't mean broad insurance coverage just yet
▼ + stars: | 2024-03-16 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +12 min

The blockbuster drug — one of a handful of weight loss treatments to skyrocket in popularity over the last year — is now approved in the U.S. for heart health, too. The spokesperson added that state Medicaid programs would be required to cover Wegovy for its new cardiovascular use. But Gremminger said the standard of care for the long-term use of weight loss drugs is "in flux." State employees will no longer have insurance coverage for GLP-1s when used for weight loss at the beginning of next month. Both drugmakers have launched programs to help patients, with or without commercial insurance coverage, afford their weight loss treatments.

Persons: Klesty, John Crable, Wegovy, Jaime Almandoz, Joe Buglewicz, Shawn Gremminger, Hartley, Gremminger, Dale Folwell, We've, Folwell, Phelan M, Eli Lilly, Ceci Connolly, Julie Stich Organizations: Reuters, Novo Nordisk, CNBC, Medicare, Services, FDA, CVS, Aetna, International Foundation of Employee, Drug Administration, University of Texas Southwestern Medical Center, Washington Post, Getty, National Alliance of Healthcare, Taft, Nordisk, Nordisk's Ozempic, GOP, Carolina, Republican Governors Association, AP, Alliance of Community Health, U.S . Health, IFEBP, BMI Locations: U.S, Novo, Dallas, North Carolina, Orlando , Florida

The Biden administration has limited credit card late fees to $8, a 75% reduction. Federal Reserve BoardA study by the CFPB published in 2022 showed that credit card late fees are disproportionally collected from people in low-income neighborhoods. The Good Brigade/Getty ImagesReduced credit card late fees would also be worth about $414 million to the real estate industry. A drop in the bucket of credit card costsCredit card debt is now at record levels and interest rates on those cards have soared. Interest and other credit card fees cost consumers more than $1,100 a year and are still growing.

Persons: Biden, Vance Ginn, Jenny Thorvaldson, Thorvaldson Organizations: Consumer Financial, Business, IMPLAN, Biden, Federal Reserve Bank, Federal, Brigade, Centers for Disease Control, Money Management, MMI

A New York judge on Thursday rejected a bid by Donald Trump to delay a $83.3 million civil defamation judgment in favor of writer E. Jean Carroll. Trump had asked Manhattan federal court Judge Lewis Kaplan to pause the latest Carroll case judgment until after he rules on post-trial motions. He later posted $5.6 million in cash as collateral while he appealed the jury verdict ordering him to pay her $5 million in that case. Trump last month was ordered by a state court judge to pay a $454 million judgment in a civil business fraud lawsuit filed by New York Attorney General Letitia James. But that soon could change if an appeals court declines to stay the judgment.

Persons: Donald Trump, E, Jean Carroll, Carroll, Trump, Lewis Kaplan, Alina Habba, Kaplan, Steven Cheung, Cheung, Zak Sawyer, Goodman, Letitia James Organizations: Greensboro Coliseum, Trump, Republican, Circuit, White, New York Locations: Greensboro , North Carolina, A, York, New York, Manhattan

☆ I'm a certified financial planner and tax reporter at CNBC. How I tackle my own retirement tax planning
▼ + stars: | 2024-03-04 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Now, as a tax reporter for CNBC, I focus on tax strategy all year, including how retirement contribution decisions may affect long-term plans. Pretax vs. Roth retirement contributionsOne of the biggest questions from investors is whether to save money into a pretax or after-tax Roth account. Early in my career, I focused on Roth savings, which made sense with lower income and decades until retirement. I've prioritized my employer match with pretax and Roth 401(k) deferrals, while also making Roth individual retirement account contributions. There's also a small nest egg in my health savings account, which I added to during my years of self-employment.

Persons: Seksan, I've, Ashton Lawrence, Roth, you'll, pretax, There's, JoAnn May Organizations: CNBC, CFP, Mariner Wealth Advisors, Asset Management Locations: Greenville , South Carolina, Berwyn , Illinois

☆ Judge allows Sam Bankman-Fried to keep his new lawyers after prosecutors warn of conflict of interest
▼ + stars: | 2024-02-21 | by ( Jacob Shamsian | Katie Balevic | ) www.businessinsider.com time to read: +4 min

Read previewUS District Judge Lewis Kaplan ruled that Sam Bankman-Fried could retain his new lawyers despite a noted conflict of interest. Questioned thoroughly by Kaplan, Bankman-Fried affirmed that he wanted to keep his new attorneys, waiving his right to "conflict-free representation," as Kaplan put it. They're expected to help Bankman-Fried with his sentencing hearing, scheduled for late March. In their February letter, prosecutors said Kaplan should hold a Curcio hearing, where the judge could ask Bankman-Fried and his lawyers questions to determine whether a legitimate conflict of interest exists and whether they would waive it for the sentencing hearing. This has the potential to create a conflict in the representation of Bankman-Fried and Mashinsky," prosecutors wrote in the letter.

Persons: —, Lewis Kaplan, Sam Bankman, Fried, Kaplan, Marc Mukasey, Torrey Young, waiving, Mukasey, Young, They're, Alex Mashinsky, Caroline Ellison, Mashinsky, Prosecutors, Michael Mukasey, George W, Bush, Eddie Gallagher, Eric Trump, Matt Gaetz, Alexandra Shapiro, Shapiro, Nicolas Roos Organizations: Service, Bankman, Business, Justice Department Prosecutors, Alameda Research, Prosecutors, Mashinsky, Navy, New, Trump Locations: Manhattan, Alameda, New York

401(k) withdrawal for a home purchase: Is it a good idea? 401(k) withdrawal rules for buying a homeFirst, you'll need to check with your plan administrator to see if early withdrawals are allowed, and under what circumstances. Tax implications of a 401(k) withdrawal for a home purchaseLet's take a closer look at the penalties and taxes you might incur from a 401(k) home purchase withdrawal. 401(k) loan for buying a houseInstead of withdrawing money from your 401(k), you also have the option to take out a loan. 401(k) withdrawal for a home purchase FAQsIs buying a home considered a hardship for 401(k)?

Persons: you'll, —, You'll, doesn't, Roth, you've, Brian Pirri, Pirri, Chase, Homebuyer Grant Organizations: Service, IRS, Roth IRA, Local, Rocket Mortgage Locations: Massachusetts, Chevron

☆ 2 major employers said they stopped paying for weight-loss drugs like Wegovy after the drugmaker threatened to penalize them
▼ + stars: | 2024-02-16 | by ( ) www.businessinsider.com time to read: +7 min

AdvertisementThere's a little-known reason more companies aren't paying for their workers' weight-loss shots. But even at a reduced price, weight-loss drugs are budget-busting, so employers have tried to make them tougher to get. Or it could require patients to try a cheaper weight-loss drug before resorting to more expensive options. The University of Texas System, facing a bill of more than $5 million a month for its workers’ weight-loss drugs, explored saving some money by paying only for people already on the drugs. UT System ended all coverage for GLP-1 weight-loss drugs in September 2023.

Persons: —, Sam Watts, Chris Brown, ”, “, Brown, pocketing, they’ve, ” Brown Organizations: Novo Nordisk, Service, Health, CVS, University of Texas, UT, Business, Novo Nordisk doesn’t, “ Locations: Texas, North Carolina, Carolina, North

☆ Trump lawyers don't want prospective jurors in 'hush-money' case to be asked if 2020 election was stolen
▼ + stars: | 2024-02-15 | by ( Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Todd Blanche, the lead attorney representing Trump in the case, said that jurors should not be asked whether they believe the 2020 election — which Trump lost to now-President Joe Biden — was "stolen." Ahead of the 2016 election, Trump sought to keep Daniels — an adult film actor whose real name is Stephanie Clifford — quiet about an affair she says she had with him. It will also be the first time a former president has ever sat for a criminal trial. Blanche asked Merchan to take a fresh look at the questions jurors should be asked. AdvertisementLast year, Trump went through a three-month civil trial in Manhattan for a case brought by New York Attorney General Letitia James.

Persons: —, Donald Trump, Alex Jones, Tucker Carlson, Todd Blanche, Trump, Joe Biden —, Blanche, Joshua Steinglass, Biden didn't, Steinglass, Juan Merchan, couldn't, Merchan, Attorney Alvin Bragg, Stormy Daniels, Daniels, Stephanie Clifford —, Jean Carroll, defaming, Lewis Kaplan's, Jean Carroll's, Judge Kaplan, Pres, Donald Trump winked, Jeffrey Toobin, Ben Shapiro, Sean Hannity, Jeffrey Toobin —, Susan Necheles, mutter, Carroll, Toobin, Jack Smith, Fani Willis, Smith, Letitia James, Arthur Engoron Organizations: Service, Business, Trump, New, Attorney, US, Getty, Prosecutors, New Yorker, CNN, Justice, New York, Trump Organization Locations: Manhattan, Washington, DC, Fulton County, Florida

☆ After a 5-month-long 401(k) rollover process, a financial professional told me I should've asked 2 questions before even starting — and explained when it makes sense to keep your money separate
▼ + stars: | 2024-02-11 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

From start to finish, it took me five months to combine my retirement money into one account. Before moving your retirement money, consider the investment options at your current plan (or plans if you have multiple accounts) and the new plan. “The average 401(k) plan only has about 15 to 20 investment options, so we want to look at those options: ‘Are they good? The main ones to look into are plan administration fees, individual service fees, and investment fees. Your employer is required to provide you with information on the company 401(k) plan, including the fee structure.

Persons: Brent Weiss, Weiss, that's, ”, “, you’re, — Organizations: Fidelity, Vanguard, Business

NEW YORK (AP) — The federal judge who presided over the jury trial that resulted in an $83 million award to writer E. Jean Carroll for her defamation claims against former President Donald Trump said Wednesday that his rejection of his lawyer's unusual midtrial mistrial request was not a close call. Habba said a mistrial was in order because Carroll, 80, was confessing that she destroyed evidence that should have been preserved for trial. Out of the presence of the jury one day, the judge even threatened to jail her if she didn't stop talking. The $83.3 million award by the jury two weeks ago came over statements Trump made while he was president. The jury rejected Carroll's rape claim, though the judge later said what the jury found would be considered rape in other jurisdictions.

Persons: E, Jean Carroll, Donald Trump, Judge Lewis A, Kaplan, Alina Habba's, Carroll, Habba, ” Kaplan, Trump, didn't, ” Habba Organizations: Trump Locations: Manhattan

☆ Trump is being accused of angrily throwing things — again
▼ + stars: | 2024-02-03 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Donald Trump is being accused of throwing documents in a fit of rage during a deposition. Former White House aide Cassidy Hutchinson also said Trump has angrily launched items. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump is once again being accused of throwing things in a fit of rage, but this time it's by attorney Roberta Kaplan. According to Kaplan, Trump asked her, "'Well, you're here in Mar-a-Lago.

Persons: Donald Trump, Roberta Kaplan, Cassidy Hutchinson, Trump, —, E, Jean Carroll, Trump —, Alina Habba, Kaplan, Alina, George Conway, Sarah Longwell, White, Hutchinson, Mark Meadows, Bill Barr, " Hutchinson, Jimmy Kimmel Organizations: White House, Service, Trump, ACN, Kaplan, Business, Trump Chief Locations: Mar

☆ E. Jean Carroll lawyer claims Trump once called her a coded version of the C-word after a deposition
▼ + stars: | 2024-02-03 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Lawyer Roberta Kaplan said Trump once used a coded version of the C-word profanity against her. The alleged incident took place before Kaplan went on to represent E. Jean Carroll against him. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA lawyer who represented writer E. Jean Carroll against Donald Trump claimed that the former president once used a coded version of the C-word profanity against her. Kaplan told Conway that she initially didn't understand what Trump meant because they were not scheduled to meet the following Tuesday.

Persons: Roberta Kaplan, Trump, Kaplan, Jean Carroll, —, E, Donald Trump, Carroll, George Conway, Sarah Longwell, Conway, Megyn Kelly, John Minchillo, Kelly, Debbie Walsh, Hillary Clinton, Carly Fiorina, Elizabeth Warren, Heidi Cruz —, Marianne LaFrance, Marie Yovanovitch Organizations: Service, Trump, Business, AP, Fox News, Center for American Women, Rutger's University, BBC, Yale University Locations: Trump's, Lago, Ukraine

☆ Sen. Warren asks Justice Department to consider nixing Corizon's bankruptcy
▼ + stars: | 2024-02-01 | by ( Dakin Campbell | Nicole Einbinder | ) www.businessinsider.com time to read: +6 min

Read previewSenator Elizabeth Warren is bringing fresh scrutiny to the controversial bankruptcy of private prison healthcare company Corizon Health. Warren applauded the US Trustee Program, which oversees the federal bankruptcy system, for making a rare decision last year to file an objection in court to Corizon's bankruptcy plan. Corizon's current bankruptcy plan, she wrote, "will deny Corizon's creditors, including incarcerated individuals, adequate restitution for the company's serious harms." This is the second time Warren has weighed in on the Corizon bankruptcy. "Corizon's bankruptcy is premised on the fact that it does not have sufficient resources to pay victims and other creditors," she wrote.

Persons: —, Elizabeth Warren, Warren, Corizon, Jason Brookner, YesCare didn't, Emma Dulaney, Dick Durbin, YesCare, Raphael Prober, Corizon's, plan's Organizations: Service, Corizon Health, Department of Justice's U.S, Business, Tehum Care Services, Department of Justice, US, Corizon, YesCare Holdings Locations: Texas, Tehum, YesCare

☆ Trump declares he's interviewing law firms for his E. Jean Carroll appeal, and it's giving 'Apprentice' vibes
▼ + stars: | 2024-01-31 | by ( Natalie Musumeci | Jacob Shamsian | ) www.businessinsider.com time to read: +7 min

Read previewDonald Trump appears to be treating his planned appeal in the second E. Jean Carroll defamation case like his former reality TV show, "The Apprentice." Tacopina withdrew from Trump's legal team shortly before the second trial began. That left Habba in charge of defending Trump for his second trial, which resulted in a considerably higher jury verdict. Trump, Rahmani said, "probably realizes that he lost the second Carroll trial so badly in part due to Alina Habba's limited trial experience and that he needs experienced appellate counsel." The judge, conscious of Trump's intent to appeal the second trial results, told as much to Trump in the courtroom before he testified.

Persons: —, Donald Trump, Jean Carroll, Carroll, defaming, Trump, Lewis Kaplan, Alina Habba, Michael Madaio, Joe Tacopina, Habba, Tacopina, Kaplan, — Habba, Matthew Cronin, Mark Bederow, Madaio, Judge Kaplan, Mary Altaffer Habba, Joshua Matz, Kaplan Hecker, Fink, Kaplan's, Neama, Rahmani, Alina Habba's, Bederow Organizations: Service, Business, Hunts, Manhattan, American System of Justice, Trump, Associates, Trump —, Habba, AP, Kaplan, Fink LLP Locations: Carroll's, Manhattan, New York, Washington

☆ Trump's 'disrespectful' behavior during E. Jean Carroll trial turned the jury against him and saddled him with an $83.3 million bill, legal experts say
▼ + stars: | 2024-01-27 | by ( Erin Snodgrass | Kelsey Vlamis | ) www.businessinsider.com time to read: +5 min

A federal jury ordered Donald Trump to pay E. Jean Carroll $83.3 million in damages on Friday. During the defamation trial, Trump and his attorney appeared to frequently frustrate the presiding judge. The jury deliberated for under three hours before delivering their verdict, which included $18.8 million in compensatory damages and $65 million in punitive damages for Carroll. Juries tend to grow attached to their presiding trial judge, Jones said, adding that they often come to see the judge as a protector of sorts. The $83.3 million in damages are on top of $5 million in damages Carroll won during the May 2023 trial.

Persons: Donald Trump, Jean Carroll, Trump, —, Jean Carroll's, Carroll, Lewis Kaplan, Alina Habba, impatiently, John Jones, Jones, Kaplan, Chris Mattei, Alex Jones, Mattei, defaming Carroll, Habba, Biden, Witch Hunt, That's Organizations: Service, Carroll, US, Dickinson College, Trump, —, Republican Party Locations: Pennsylvania

Will Trump keep that up, now that he's been hit with a $83.3 million defamation judgment? A jury on Friday found that Trump had maliciously damaged Carroll's reputation in 2019 after she went public with her accusations. If both judgments stand, Trump would owe her a total of $88.3 million. THE FIRST TRIALCarroll sued Trump for defamation in 2019, saying his statements about her were false and damaged her reputation. The $88.3 million in judgments against Trump are actually less than what some of his supporters have faced in recent defamation cases.

Persons: Donald Trump, Jean Carroll, Will Trump, he's, Trump, Carroll, Goodman, Jean, District Judge Lewis A, Kaplan, ” Kaplan, Alina Habba, Habba, CARROLL, Rudy Giuliani, Alex Jones, Sandy, Giuliani, Jones Organizations: Trump, Elle, White, House, House . U.S, District, U.S, Supreme, TRUMP, Carroll, New, New York City, Elementary Locations: Manhattan, lacy, New York, House ., Georgia, Texas, Connecticut, That's

☆ Judge in Trump defamation trial advises jurors to 'never disclose that you were on this jury'
▼ + stars: | 2024-01-26 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +2 min

"My advice to you is that you never disclose that you were on this jury, and I won't say anything more about it," Kaplan said after the verdict was read. "And I won't say anything more about it." Kaplan repeatedly had to advise Trump and his lawyers to maintain proper behavior throughout the trial. The first trial also found that Trump defamed Carroll when he commented on her allegations while he was president. Jurors in this case were asked to find the damages for that statement and subsequent insults Trump has since made.

Persons: District Judge Lewis Kaplan, Donald Trump, Jean Carroll, Kaplan, Trump, Carroll, Biden, Witch Hunt Organizations: District, Republican Party

☆ Jury awards E. Jean Carroll $83 million verdict from Donald Trump defaming her
▼ + stars: | 2024-01-26 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +10 min

Read previewA federal jury has agreed Friday that Donald Trump must pay E. Jean Carroll $83.3 million for defaming her. The unanimous jury verdict in Manhattan comes as Trump remains the frontrunner for the 2024 Republican presidential nomination for a likely rematch with President Joe Biden in November. "We're very happy," Carroll's attorney, Roberta Kaplan, told Business Insider soon after the verdict was read. Judge Kaplan forbade Trump or his attorneys from arguing that he didn't sexually assault Carroll. In his jury instructions, Judge Kaplan reminded the nine New Yorkers sitting there that they must accept Trump's sexual assault as an already-established fact.

Persons: —, Donald Trump, Jean Carroll, Trump's, Trump, Joe Biden, Roberta Kaplan, Carroll, Kaplan, Shawn Crowley, Alina Habba, Elle, Carroll's, Bergdorf Goodman, Jessica Leeds, Natasha Storynoff, defaming Carroll, Ashlee Humphries, Mary Altaffer, Judge Kaplan, buttoned, Forbes, Habba, Judge Kaplan chastising, Carroll —, Crowley, United States —, jolted Organizations: Service, Business, US Justice Department, Circuit, Appeals, Trump, Trump —, AP, New, Yorkers, Court, of, Constitution Locations: Manhattan, Trump, New York, Southern, of New York, United States

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