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"The Constitution forbids the federal government from using its massive financial, investigative, and law enforcement powers, in the Court’s words, 'to punish or suppress disfavored expression.'" That is exactly what Trump is trying to do here:

thebulwark.comThe Threat to Free Speech in Trump’s Unprecedented Wall Street Journal SuitOn the merits, this defamation case should be winnable for the newspaper. But the chilling effect is real and dangerous.

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Unless he is capable of achieving a nadir of stupidity that seems unattainable even for him, trump will never, ever proceed to discovery, and WSJ knows it. The only variable is Murdoch.

It's what Trump does. If you write something that he disagrees with or he finds insulting whether true or not he files a lawsuit for a sum of money not based in reality. He's been successful in making this con work with the entity being sued thinking it's cheaper to settle then pay lawyers.