{"id":11163,"date":"2025-09-18T21:01:29","date_gmt":"2025-09-18T21:01:29","guid":{"rendered":"https:\/\/bitunikey.com\/news\/trump-believes-nyt-harmed-his-business-and-reputation-files-a-15-billion-lawsuit\/"},"modified":"2025-09-18T21:01:34","modified_gmt":"2025-09-18T21:01:34","slug":"trump-believes-nyt-harmed-his-business-and-reputation-files-a-15-billion-lawsuit","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/trump-believes-nyt-harmed-his-business-and-reputation-files-a-15-billion-lawsuit\/","title":{"rendered":"Trump believes NYT harmed his business and reputation, files a $15 billion lawsuit"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Donald Trump filed a $15 billion defamation lawsuit against the New York Times magazine and Penguin Random House. According to the lawsuit, the NYT\u2019s alleged smear campaign was intended to harm his reputation and business. The token is 70% down after its peak on the second day after the launch in January 2025. Did NYT harm it?<\/p>\n<div id=\"cn-block-summary-block_ec6d00da56aefac1643aef22bc64c0e2\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The NYT has been criticizing Donald Trump for years. It endorsed Kamala Harris in the fall of 2024.\u00a0<\/li>\n<li>Trump believes the magazine breached journalistic ethics to pursue the interests of the Democratic Party.<\/li>\n<li>Trump filed a $15 billion defamation lawsuit against the Times and Penguin Random House that published a critical book on Trump, \u201cLucky Loser.\u201d The book was written by the NYT journalists.<\/li>\n<li>Trump believes the book and three NYT articles are full of distorted facts that harmed his reputation and business.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">What\u2019s in the lawsuit?<\/h2>\n<p>Trump took to Truth Social to announce he is suing The NYT for alleged intended defamation during the 2024 presidential race. The Penguin Random House publisher is another target in the president\u2019s $15 billion lawsuit. The trial is set to take place in a Florida federal court.<\/p>\n<p>The <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.flmd.447437\/gov.uscourts.flmd.447437.1.0.pdf?utm_source=unchainedcrypto.beehiiv.com&amp;utm_medium=referral&amp;utm_campaign=trump-s-15-billion-lawsuit-ties-nyt-to-trump-token-collapse\" rel=\"nofollow\">lawsuit<\/a> is focused on the book published by Penguin and three NYT articles. The book is titled \u201cThe Luckiest Loser: How Donald Trump Squandered His Father\u2019s Fortune and Created the Illusion of Success.\u201d It was written by Pulitzer-winning NYT reporters Russ Buettner and Susanne Craig. The articles are:<\/p>\n<ol class=\"wp-block-list\">\n<li>\u201cThe Star-Making Machine That Created \u2018Donald Trump, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/09\/14\/business\/donald-trump-apprentice.html\" target=\"_blank\" rel=\"nofollow\">written<\/a> by the authors of \u2018Lucky Loser.\u2019 It outlines how the public image of Trump was enhanced by the producers of \u2018The Apprentice\u2019 show. The article was released on Sep. 14, 2024.<\/li>\n<li>\u201cFor Trump, a Lifetime of Scandals Heads Toward a Moment of Judgment,\u201d <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/10\/20\/us\/politics\/trump-scandals.html\" target=\"_blank\" rel=\"nofollow\">released<\/a> on Oct. 20, 2024.\u00a0<\/li>\n<li>\u201cAs Election Nears, Kelly Warns Trump Would Rule Like a Dictator,\u201d <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/10\/22\/us\/politics\/john-kelly-trump-fitness-character.html\" target=\"_blank\" rel=\"nofollow\">released<\/a> on Oct. 24, 2024.\u00a0<\/li>\n<\/ol>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Critics have called Lucky Loser \u2013 my book with <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/russbuettner?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@russbuettner<\/a> \u2013 a gripping page-turner, a multi-generational saga that brings perspective to how we got to this moment. It\u2019s out next week in paperback. \ud83c\udf89<a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/ZmZ1Nui5Pt\">https:\/\/t.co\/ZmZ1Nui5Pt<\/a><\/p>\n<p>\u2014 Susanne Craig (@susannecraig) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/susannecraig\/status\/1968358829185528254?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 17, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>According to the lawsuit, The Times betrayed journalist ideals of honesty, objectivity, and accuracy.\u00a0<\/p>\n<p>The lawsuit reads:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe First Amendment has never furnished the Times \u2014 or Penguin, or anyone else \u2014 with an unqualified privilege to make false, malicious, and defamatory statements about its opponents in order to try and ruin their lives and livelihoods.\u201d<\/p>\n<\/blockquote>\n<p>According to the lawsuit, the actions of the publisher and NYT were aimed at harming Trump\u2019s business reputation, sabotaging his candidacy for President, and prejudicing juries and judges in the \u201cunlawful cases brought against President Trump, his family, and his businesses by his political opponents for purposes of election interference.\u201d<\/p>\n<p>The lawsuit suggests that the Harris endorsement article opens with a \u201chyperbolic line\u201d claiming that Trump is the least fit to serve as the President of the United States. It provides a quotation saying that in the event that Trump gets elected, he will \u201cdefy the norms and dismantle the institutions that have made our country strong.\u201d According to the text of the lawsuit, this statement is hypocritical. The text provides several extracts from other NYT articles. One of the articles <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2021\/03\/11\/opinion\/us-filibuster-senate.html?camp=\" rel=\"nofollow\">urges<\/a> the U.S. people to reject the filibuster tool as anti-democratic. The other one <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2022\/08\/19\/opinion\/liberals-constitution.html\" rel=\"nofollow\">suggests<\/a> that the U.S. Constitution is \u201cbroken\u201d and \u201cdangerous\u201d and calls Americans to \u201creclaim from constitutionalism.\u201d<\/p>\n<p>The text of the lawsuit reads that repugnant distortions and fabrications about Trump were spread through the NYT and \u201cLucky Loser\u201d to further the goals of the Times and its Democrat Party backers.\u00a0<\/p>\n<p>A substantial portion of the lawsuit is dedicated to listing Donald Trump\u2019s achievements. This segment suggests it was his charisma and \u201cunique business acumen\u201d that propelled him to success in show business and politics. Also, it disputes certain narratives from the book and articles in question. These include depicting Trump as a liar, a weak businessman and unreliable business partner, questioning the quality of his real estate, suggesting Trump has ties with the mafia, accusing Trump\u2019s father of multi-million dollar tax evasion, etc.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Did NYT and \u201cLucky Loser\u201d harm Trump\u2019s cryptocurrency business?<\/h2>\n<p>While the lawsuit itself contradicts the damage done to Trump\u2019s reputation by stressing his sweeping victory in the 2024 election, it mentions financial damages caused by the journalists in question.<\/p>\n<p>For instance, it associates the articles and the book with the decline of Trump Media\u2019s stock price, which impacted Trump\u2019s stake in the company. According to the lawsuit, Trump\u2019s one-of-a-kind personal brand is worth $100 billion. It means that any damage to his personal brand is evaluated in billions of dollars.<\/p>\n<p>The lawsuit barely mentions the cryptocurrency ventures of Trump and his family. And it\u2019s not surprising, considering the fact that it is focused on the pre-election material. Actually, the lawsuit doesn\u2019t contain any mention of harm caused by the Times to Trump\u2019s crypto business.\u00a0<\/p>\n<p>Nevertheless, the legal fight that may cost NYT too much if Trump wins targets the ongoing criticism of the Trump family\u2019s crypto business. The Times has been covering Trump\u2019s controversial crypto business before Trump\u2019s second inauguration. It includes critical coverage of <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/04\/23\/technology\/trump-private-dinner-crypto-memecoin.html\" rel=\"nofollow\">Official Trump memecoin<\/a> and the entire <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/04\/29\/us\/politics\/trump-crypto-world-liberty-financial.html\" rel=\"nofollow\">crypto empire<\/a> of the Trump family.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The NYT\u2019s point of view often echoes the Democratic Party\u2019s urges to ban crypto business for presidents, vice presidents, and their families. The New York Times <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/09\/15\/us\/politics\/trump-uae-chips-witkoff-world-liberty-takeaways.html\" rel=\"nofollow\">continued<\/a> to publish revelatory and investigative articles on the crypto business of the POTUS after the lawsuit was filed.\u00a0<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">President Trump has filed a lawsuit against The New York Times. Read our statement and reporting on the suit below. <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/PZLRNBpexi\">pic.twitter.com\/PZLRNBpexi<\/a><\/p>\n<p>\u2014 NYTimes Communications (@NYTimesPR) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/NYTimesPR\/status\/1967938014409294306?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 16, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>The NYT spokesperson published an answer to Trump\u2019s lawsuit:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis lawsuit has no merit. It lacks any legitimate legal claims and instead is an attempt to stifle and discourage independent reporting. The New York Times will not be deterred by intimidation tactics. We will continue to pursue the facts without fear or favor and stand up for journalists\u2019 First Amendment right to ask questions on behalf of the American people.\u201d<\/p>\n<\/blockquote>\n<p>The NYT publisher, A.G. Sulzberger, sent a note to staff calling the lawsuit \u201cfrivolous\u201d and saying that \u201ceveryone, regardless of their politics, should be troubled by the growing anti-press campaign led by President Trump and his administration.\u201d<\/p>\n<p>Despite the NYT\u2019s questioning of the legitimacy of Trump\u2019s crypto business, there is no visible correlation between the Trump token market performance and the critical articles. Conflict of interests associated with the Trump memecoin is often mentioned in various publications, including Cointelegraph, or is addressed in the X posts of prominent crypto influencers.<\/p>\n<h2 class=\"wp-block-heading\">Can Trump win this legal battle?<\/h2>\n<p>The legal battle with the NYT and Penguin isn\u2019t the first time the 47th President has sued \u201cbiased media.\u201d Some of the sued companies <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/posts\/114898229237459086\" rel=\"nofollow\">had to pay<\/a> Trump millions in damages. The lawsuit mentions the battles with ABC, CBS, and The Wall Street Journal.<\/p>\n<p>Trump and his influential supporters successfully ostracized a few of his critics from the media. One of the most recent examples is the indefinite<a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/09\/17\/media\/jimmy-kimmel-charlie-kirk-trump-fcc-brendan-carr\" rel=\"nofollow\"> suspension<\/a> of Jimmy Kimmel\u2019s show by ABC on Sep. 18, 2025. It happened hours after Trump condemned Kimmel\u2019s remarks on the assassination of Charles Kirk, who was a public speaker and high-profile Trump supporter. Earlier, Trump <a rel=\"nofollow\" target=\"_blank\" target=\"_blank\" href=\"https:\/\/www.latimes.com\/entertainment-arts\/story\/2025-07-18\/trump-colbert-why-late-show-canceled-kimmel-fallon\" rel=\"nofollow\">expressed<\/a> pleasure over the closing of Stephan Colbert\u2019s late-night show. In the message posted on Truth Social, he added that he hopes Kimmel will be next. Both Colbert and Kimmel have been critical of the President.\u00a0<\/p>\n<p>Given all that, it is safe to say that the Times and Penguin will have a tough fight. As of the press time, the NYT continues to publish opinion articles criticizing Trump frequently.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump filed a $15 billion defamation lawsuit against the New York Times magazine and Penguin Random House. According to the lawsuit, the NYT\u2019s alleged smear campaign was intended to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11164,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11163","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11163","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11163"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11163\/revisions"}],"predecessor-version":[{"id":11165,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11163\/revisions\/11165"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11164"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11163"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11163"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11163"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}