Broke Rudy Giuliani Reaches Bankruptcy Settlement With Defamed Election Workers
Written by djfrosty on August 1, 2024
Source: Tom Williams / Getty
Rudy Giuliani has settled with the Georgia election workers who won their defamation suit against him after a failed bankruptcy plea.
On Wednesday (July 31), Ruby Freeman and Wandrea Shaye Moss, the two Georgia women who won their defamation suit against Donald Trump adviser Rudy Giuliani agreed to a settlement along with other creditors Giuliani owed. Giuliani had attempted to declare personal bankruptcy but was denied by a judge accusing him of not complying with court orders and not fully disclosing his financial assets. The proposed agreement order was submitted in a federal court in White Plains, New York. Adam Klasfield, a journalist and MSNBC contributor, shared the proposed order documents in a post on X, formerly Twitter.
In the agreement, Giuliani agreed to pay his lawyers $100,000 to help pay what he owes to the financial advisor for the creditors, Global Data Risk. The terms continue, detailing that the former mayor of New York City is to sell either his apartment in the city or his Florida condominium and to “maintain the properties in good condition at least comparable to their current condition, maintain property casualty insurance with respect to each property in an amount no less than the full replacement value of the Debtor’s interest in each property, and can’t sell either property without written consent.”The value of the properties is estimated at $5.6 million and $3.5 million, respectively. Global Data Risk is also allowed to place liens on the property to ensure Giuliani pays all of the $400,000 they sued him for. Freeman and Moss are now free to go after the $148 million they were awarded in December 2023 —$75 million in punitive damages and $33,169,000 in defamation damage.
The filing was made three hours before a deadline set by Judge Sean Lane for noon on Wednesday for all parties to submit proposals on how to end the case. In his initial ruling on July 25 tossing Giuliani’s bankruptcy plea, Lane wrote: “Even assuming that the Debtor does not have the funds on hand to immediately pay these bankruptcy expenses, he certainly has considerable assets upon which he can draw to pay such expenses.” The 80-year-old Giuliani recently claimed at the end of May that he only had $94,000 in cash and his company, Giuliani Communications had $237,000.