Stock Markets April 13, 2026 09:29 AM

Judge Tosses Trump Defamation Case Against Wall Street Journal, Allows Revision

Federal court says plaintiff did not meet 'actual malice' standard but can amend complaint by April 27

By Derek Hwang NWSA
Judge Tosses Trump Defamation Case Against Wall Street Journal, Allows Revision
NWSA

On April 13, a federal judge dismissed former President Donald Trump’s defamation suit targeting the Wall Street Journal over a 2003 birthday greeting alleged to bear his name, finding that the legal standard of 'actual malice' had not been satisfied. The judge permitted Trump to file an amended complaint by April 27. News Corp’s Dow Jones has defended the July 17, 2025, article at the center of the suit. Trump had sought $10 billion in damages and described the purported greeting as "fake nL6N3TP0P8."

Key Points

  • U.S. District Judge Darrin Gayles dismissed Donald Trump’s defamation suit against the Wall Street Journal, ruling the complaint did not meet the 'actual malice' standard required for public figures.
  • The judge allowed Trump to submit an amended complaint by April 27, keeping the possibility of further litigation open.
  • News Corp’s Dow Jones defended the accuracy of its July 17, 2025, article that said Trump’s name appeared on a 2003 birthday greeting for Jeffrey Epstein.

April 13 - A federal court on Monday dismissed Donald Trump’s defamation lawsuit against the Wall Street Journal that challenged an article asserting that the former president's name appeared on a 2003 birthday greeting for the late financier and convicted sex offender Jeffrey Epstein.

U.S. District Judge Darrin Gayles, sitting in Miami, concluded that the legal threshold for defamation claims brought by public figures - the "actual malice" standard - was not satisfied in the complaint as filed. Under that standard, public figures must show not only that a published statement was false but also that the publisher knew it was false or acted with reckless disregard for the truth.

Gayles gave Trump leave to revise his claim, setting a deadline of April 27 for an amended complaint. In the original filing, Trump described the alleged birthday greeting as "fake nL6N3TP0P8" and sought $10 billion in damages, asserting harm to his reputation.

Dow Jones, the publisher that owns the Wall Street Journal, has defended the accuracy of the July 17, 2025, article challenged in the lawsuit.


Context inside the filing

The ruling turned on the court's determination that the pleadings did not sufficiently allege that the Journal published the disputed account with knowledge of its falsehood or with reckless disregard for whether it was false. By allowing an amended complaint, the judge kept open the possibility that additional or clearer factual allegations could be presented.

Related note on market commentary included in court filings

An investment advisory excerpt that appeared alongside the public discussion noted that ProPicks AI evaluates NWSA using more than 100 financial metrics. The advisory text described the AI as assessing fundamentals, momentum, and valuation without bias and cited past notable winners, including Super Micro Computer (+185%) and AppLovin (+157%). It also posed a hypothetical question about investing $2,000 in NWSA and invited readers to explore how NWSA features in AI strategies.

The court decision is procedural at this stage: the dismissal was not a determination on the truth of the underlying factual assertion about the greeting but rather a finding that the complaint, as pled, failed to meet the heightened legal standard for defamation claims involving public figures.

The judge’s order gives the plaintiff a limited window to amend and refile; absent a timely or adequately revised complaint, the dismissal could become final.

Risks

  • Procedural risk: The court found the initial complaint failed to plead 'actual malice' - if an amended filing does not add sufficient factual detail, the suit may be dismissed again. (Impacted sectors: legal, media)
  • Reputational uncertainty: The contested allegations and ongoing litigation create continued uncertainty for the parties involved and associated media outlets while the case remains active. (Impacted sectors: media, communications)
  • Market commentary ambiguity: Public-facing investment commentary referencing NWSA and AI-driven strategies may draw attention to the stock but does not alter the legal standard or outcome of the lawsuit. (Impacted sectors: financial services, media)

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