The lawsuit also accuses Trump of taking advantage of the poor and vulnerable, as people seek “to get rich by systematically defrauding economically marginalized people who seek to invest in their education, start their own small business and pursue the American dream.”
“Weighing the two” most critical “factors – probability of success on the merits and irreparable damage – against each other, any prejudice that the Defendants and the ACN may suffer in proceeding with the dispute during the pending appeal it outweighs the strong odds that the Defendants and the ACN will fail on appeal, “wrote US District Court judge Lorna Schofield in her opinion.
A Trump attorney did not immediately respond to a request for comment.
Four anonymous plaintiffs brought the case, including what court documents describe as a health worker, a self-employed person who was once homeless and a food delivery driver.
Trump “deliberately deceived” consumers about the likely success of their investments, claims the cause, and engaged in “a racket business model”.
The lawsuit is funded by the Tesseract nonprofit research center, which has ties to democratic candidates, according to CNN reports.