Sigh...Trump wouldn't need to prove he's innocent, MSNBC would have to prove he was guilty.
That is not true, Trump is the plaintiff, making the claim that MSNBC lied.
What is needed to be proven for libel...
1) a false statement purporting to be fact; 2) publication or communication of that statement to a third person; 3) fault amounting to at least negligence; and 4) damages, or some harm caused to the person or entity who is the subject of the statement.
Larry O admitted the statement was false. MSNBC buckled real fast because they knew Trumps lawyer wasn't talking shit. Larry O didn't volunteer to retract his statement, his boss told him to retract it before they get the shit sued out of them. If it would have hurt Trump at all they would have gone to court. They didn't. Says allot.
Actually, he did not admit it was false, just that it had not gone though the correct process before airing. He was very careful in his words.
“Last night I made an error in judgment by reporting an item about the president’s finances that didn’t go through our rigorous verification and standards process,” he wrote on Twitter. “I shouldn’t have reported it and I was wrong to discuss it on the air. I will address the issue on my show tonight.”
and
“Now, I want to stress, that’s a single source,” he said. “This has not been confirmed by NBC News. I have not seen any documentation from Deutsche Bank that supports this and verifies this. This is just a single source who has revealed to me, and that’s where that stands at this point. It’s going to need a lot more verification before that can be a confirmable fact.”