Trump Slaps New York Times With $15 Billion Defamation Suit — Here's Why US President Donald Trump sued the New York Times newspaper for $15 billion, alleging defamation and libel. He called the renowned newspaper "a virtual mouthpiece" for the opposition Democratic Party. The lawsuit has been filed in Florida, Trump's official state of residence which is governed by the Republican Party. The amount he's seeking exceeds the market capitalization of The New York Times Co., which currently stands at about $9.65 billion, according to Bloomberg.
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