Donald Trump Sues The New York Times For $15 Billion

US President Donald Trump sued The New York Times for $15 billion on Monday, citing “defamation and libel.” The Florida court filing shows the President claiming “reputational damage” over a series of articles published by the leading news outlet, according to a report from Reuters. The court filing also shows that Trump has sued book publisher Penguin for publishing distorted and fabricated stories.

**“defamation and libel.”****“reputational damage”**Also Read: Amazon: Cramer Bullish, AMZN Joins Morgan Stanley Vintage List

Also Read: Amazon: Cramer Bullish, AMZN Joins Morgan Stanley Vintage List## The New York Times & Penguin Sued For $15 Billion By Donald Trump

Source: Mizoula / iStockSource: Mizoula / iStock**“Today, I have the Great Honor of bringing a $15 billion defamation and Libel Lawsuit against The New York Times,”** wrote Donald Trump on Truth Social. Trump accused the news outlets of lying about his businesses, which is affecting his hotels, resorts, and media firms.

**“Today, I have the Great Honor of bringing a $15 billion defamation and Libel Lawsuit against The New York Times,”**Trump’s lawyers say that the reputational harm caused by The New York Times reached billions of dollars. The “reputational injury inflicted in this case reaches billions of dollars” and confirms they are seeking $15 billion in damages.

“reputational injury inflicted in this case reaches billions of dollars” “Defendants maliciously published the Book (Penguan) and the Articles (The New York Times) knowing that these publications were filled with repugnant distortions and fabrications about President Trump,” according to the filing lodged in the US District Court, Middle District of Florida.

“Defendants maliciously published the Book (Penguan) and the Articles (The New York Times) knowing that these publications were filled with repugnant distortions and fabrications about President Trump,” Also Read: Meta Platforms Stock Up 30% YTD: Can META End 2025 at $800?

Also Read: **Meta Platforms Stock Up 30% YTD: Can META End 2025 at $800?**The President claimed that the fabricated stories have caused harm to his businesses and media organizations. “The harm to the value of TMTG (Trump Media and Technology Group) stock is one example of how the Defendants’ defamation has injured President Donald Trump,” said his lawyers, citing Penguin and The New York Times stories that led to “a precipitous decline in the stock price.” Trump’s media firm (NASDAQ: DJT) has fallen close to 50% year-to-date.

**“The harm to the value of TMTG (Trump Media and Technology Group) stock is one example of how the Defendants’ defamation has injured President Donald Trump,”****“a precipitous decline in the stock price.”**However, The New York Times and Penguin are yet to respond to Trump’s lawsuit. The lawsuit is ongoing and will be updated accordingly to the Florida court proceedings. The leading news outlets are yet to publish a statement on this matter.