Geopolitics Alpha

US judge orders Trump to sit for deposition in $10bn lawsuit against BBC

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GEOPOLITICS ALPHAUS judge orders Trump to sit fordeposition in $10bn lawsuitagainst BBCGEOPOLITICS ALPHA

Judge threatens to dismiss Trump’s BBC lawsuit unless he cooperates with discovery process and sits for deposition Donald Trump has been ordered by a US judge to cooperate with the discovery process mandated for his lawsuit against the BBC and to sit for a deposition by 11 December – or else he could be subject to sanctions, including the possible dismissal of the $10bn lawsuit. The lawsuit stems from a Panorama documentary aired by the BBC that spliced together comments made by Trump during a rally on 6 January 2021, before the US Capitol riot. While the broadcast was not readily available to view in Florida, Trump’s team has argued that he was personally damaged by the broadcast under Florida’s Unfair and Deceptive Trade Practices Act. Continue reading...

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLE Energy Select Sector SPDR+4.9%

    Energy prices move when sanctioned supply is blocked

  • USO United States Oil Fund+0.9%

    This fund moves with oil prices

  • XOM Exxon Mobil+7.9%

    Oil producers move when sanctioned barrels leave the market

  • CVX Chevron+6.6%

    Oil producers move when sanctioned barrels leave the market

  • JPM JPMorgan Chase-4.3%

    Bank profits move with lending and interest rates

  • BAC Bank of America-18.8%

    Bank profits move with lending and interest rates

  • SLB SLB-4.1%

    Oilfield work in sanctioned regions can be cut off

  • GLD SPDR Gold Shares-3.3%

    Gold is a usual haven when a conflict or sanction escalates

  • LMT Lockheed Martin+4.2%

    Defense contractors get more work when conflict spending rises

  • SPY SPDR S&P 500+1.6%

    The broad market moves when a major sanction lands

Price reaction, T-5 to T+3

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Judge threatens to dismiss Trump’s BBC lawsuit unless he cooperates with discovery process and sits for deposition Donald Trump has been ordered by a US judge to cooperate with the discovery process mandated for his lawsuit against the BBC…

Source: The Guardian

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This story

12 out of 100

“US judge orders Trump to sit for deposition in $10bn lawsuit against BBC” scores 12 out of 100. The score uses 1 sources.