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Disclaimer Clause

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Trump's Desperate Attempt to Clear His Name in Court
politics2 years ago

Trump's Desperate Attempt to Clear His Name in Court

Former President Donald Trump claims that a disclaimer clause on his financial statements clears him of fraud charges in his Manhattan civil fraud trial. Trump attempted to present the clause to the judge during his testimony but was denied. The clause states that users of the financial statement should recognize that they may reach different conclusions about Trump's financial condition. However, the judge had previously rejected this defense argument, stating that the disclaimers do not protect Trump from liability and place the responsibility for accuracy on his shoulders. Trump is accused of inflating his net worth to obtain better loan and insurance terms.