Throughout the presidential campaign, Donald Trump has cast himself as both an anti-Wall Street populist and a straight shooter fed up with the waffling and equivocating that dominates business and politics. He disdains “crooked” Hillary Clinton, as he calls her, but the blunt-talking Trump is no stranger to the art of the lawyered caveat. In one of his most significant court battles, Trump protected his business empire with carefully parsed fine print—a “perfect prospectus” that secured a landmark ruling helping to insulate Wall Street from charges of fraud. According to hundreds of pages of court documents reviewed by International Business Times, Trump notched a victory for himself and the financial industry by convincing judges that his own fine print warnings meant he had not deceived investors when he lured them to bet—and ultimately lose—hundreds of millions of dollars on one of his riskiest development projects. The real estate mogul known for his litigiousness helped Corporate America secure a ruling making it harder for investors to file lawsuits. Unlike his other past business moves that appeared to affect only Trump’s business partners, vendors and customers, this Trump case helped set a court precedent that was soon codified into law. Trump is… Read full this story
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