Thu Jul 16, 2009 @ 03:11PM PST
By Eriq Gardner
Donald Trump has lost a $5 billion defamation lawsuit against an author who claimed the real estate baron and star of "The Apprentice" was worth $150 million to $250 million — not the billions of dollars that Trump claimed to be worth.
Trump sees this
as proof that the libel laws aren't working.
“The libel laws in this country have never been fair,” he said. “We proved our case 100 percent. We’ll appeal and see what happens. Unfortunately, the court’s decision today condones the gross negligence, and lack of professionalism and bias on the part of a reporter.”
Trump can always move to the U.K, where the libel standards
fit his desires, although we have to warn him that given the bad exchange rate between the dollar and the pound, he might not even be a millionaire in that country.