From Gregg Jarrett:This case should never have been filed, and Trump has several viable defenses:1. This all about valuations of property, which is highly subjective. It’s opinion, not fact. Disparities are common. But the lenders and insurers did their own independent “due diligence.” They confirmed Trump’s valuations and found no fraud or false statements.2. Those same banks made enormous profits from Trump —$100 million plus interest— when he repaid all the loans. It’s hard to claim fraud when no one was harmed and there’s no victim.3. Trump’s valuations complied with accepted General Accounting Principles…and were performed not by Trump, but by expert professionals who will testify at trial that they were valid.4. Some of the claims are so old that they’re barred by the statute of limitations, which the judge ignored.
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