financetom
Business
financetom
/
Business
/
Supreme Court Rejects Michael Cohen's Attempt To Revive Trump Lawsuit, Trump Media Shares Jump
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Supreme Court Rejects Michael Cohen's Attempt To Revive Trump Lawsuit, Trump Media Shares Jump
Oct 21, 2024 9:03 AM

The U.S. Supreme Court on Monday declined lawyer Michael Cohen’s bid to sue former President Donald Trump for alleged retaliation over a tell-all book. 

Trump Media & Technology Group Corp ( DJT ) shares are trading higher following the court ruling, last up more than 2%, according to Benzinga Pro.

Monday’s ruling reaffirms a lower court ruling that threw out the lawsuit based on a Supreme Court decision from 2022 that limited individuals’ ability to seek monetary damages from federal officials for constitutional violations, according to CBS News.

Cohen previously served as a legal advisor to Trump before becoming one of his most vocal opponents. He pleaded guilty to campaign finance violations and implicated Trump in a “hush money” scheme related to the 2016 election.

Cohen was sentenced to 36 months in prison in 2019, but was released to home confinement during the COVID-19 pandemic. He then shared on social media that he was working on a book detailing his experiences working with Trump. Cohen was reportedly sent back to prison after refusing to sign an agreement that prohibited him from talking to the media.

Cohen challenged his detainment and was once again released to home confinement after a judge found that he was sent back to prison in response to his attempt to “exercise his First Amendment rights to publish a book critical of the president and to discuss the book on social media.”

Check This Out: Trump Mulls Legal Action Against CBS Over Kamala Harris’s ’60 Minutes’ Interview: ‘It’s Going To Be Very Embarrassing’

In late 2021, Cohen filed a lawsuit against Trump and other federal officials for violations of certain Amendment rights. He made a Bivens claim at the time, which comes from a 1971 Supreme Court ruling in which the court found that federal officers can be sued for damages related to constitutional violations.

The Supreme Court shut down the Bivens claim in 2022. A federal judge then took the government’s side, dismissing Cohen’s case. That ruling was reportedly upheld by the U.S. Court of Appeals for the 2nd Circuit, prompting Cohen’s appeal to the Supreme Court, which was rejected on Monday.

“Michael Cohen has exhausted every avenue of his pathetic attempt to drag my client into court time and time again. As expected, the Supreme Court has correctly denied Michael Cohen’s petition and he must finally abandon his frivolous and desperate claims,” Trump’s lawyer Alina Habba reportedly said.

Price Action: Trump Media ( DJT ) shares were up 2.16% at $30.22 at the time of publication, according to Benzinga Pro.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CIBC hires Barclays veteran to expand leveraged finance business
CIBC hires Barclays veteran to expand leveraged finance business
May 28, 2024
May 28 (Reuters) - Canadian Imperial Bank of Commerce ( CM ) has hired Brad Aston, a veteran of nearly two decades at Barclays ( JJCTF ), as the global head of leveraged finance in its capital markets unit, according to a memo seen by Reuters on Tuesday. The appointment underscores the lender's focus on its leveraged finance business in...
US FDA approves Elanco's feed ingredient to cut methane emissions in dairy cows
US FDA approves Elanco's feed ingredient to cut methane emissions in dairy cows
May 28, 2024
May 28 (Reuters) - The U.S. Food and Drug Administration has approved Elanco Animal Health's ( ELAN ) methane-reducing feed ingredient for lactating dairy cows, the company said on Tuesday. WHY IT'S IMPORTANT One tablespoon of Bovaer per lactating dairy cow a day can reduce methane emissions by about 30%, or about 1.2 metric tons of carbon dioxide equivalent emissions...
Creative Realities Enters Into New Revolving Credit Facility With First Merchants Bank
Creative Realities Enters Into New Revolving Credit Facility With First Merchants Bank
May 28, 2024
12:46 PM EDT, 05/28/2024 (MT Newswires) -- Creative Realities ( CREX ) said Tuesday it paid off $13.6 million owed to lender Slipstream Communications after executing a new $22.1 million secured revolving credit facility with First Merchants' ( FRME ) retail bank unit. The new revolving loan facility matures in May 2027 and also includes a $5 million accordion feature,...
Why Sea Limited Shares Are Trading Lower Today
Why Sea Limited Shares Are Trading Lower Today
May 28, 2024
Sea Limited ( SE ) shares are trading down Tuesday after one of its subsidiaries was accused of suspected anti-competition breaches in Indonesia. The Details: E-commerce platform Shopee, which is owned by Sea Limited ( SE ), was accused of violating anti-competition rules on Tuesday by Indonesia’s antitrust agency, per Reuters. The agency known as KPPU stated that the local...
Copyright 2023-2026 - www.financetom.com All Rights Reserved