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Late Friday, Judge Arthur Engoron issued his long-awaited verdict in the civil fraud lawsuit brought by New York Attorney General Letitia James, and it orders Trump and his affiliated entities to disgorge nearly $400 million to the state of New York for what he says are ill-gotten profits and interest savings made possible by financial misrepresentations. It’s a big judgment — and like the judgment in the E. Jean Carroll case, one he’ll have to put cash up for pretty soon, even if there will be years of appeals. Ken and I discuss what this means for Trump and his businesses, and whether (again, like in the Carroll case) he ended up with a worse legal outcome because he was so obnoxious during the trial process.

Plus: in Washington D.C., the Supreme Court is considering whether to overturn Colorado’s decision blocking Donald Trump from that state’s presidential ballot on 14th Amendment grounds. It can be hazardous to read into oral arguments, but the judges’ questions did not seem auspicious for Colorado. Meanwhile, the court must now decide (and will, probably any day now) whether to involve itself in Trump’s January 6-related federal criminal case. Special Counsel Robert Hur decided not to recommend any criminal charges against President Joe Biden related to his handling of classified documents, but the White House was less than thrilled about Hur’s report explaining why. A Biden accuser faces his own indictment — from Special Counsel David Weiss, who’s also prosecuting Hunter Biden — for making up allegations about the Bidens, Burisma and bribes. And finally, we talk about Georgia. What a mess. District Attorney Fani Willis took the stand in a hearing about whether she should be disqualified from the RICO prosecution she brought against Donald Trump on conflict-of-interest grounds related to a romantic relationship she had with Nathan Wade, the special prosecutor she hired to lead the case. The two-day hearing was salacious.

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