Trump Urges Lawsuit Over Botched ABC Story On Russia That Prompted Market Plunge

President Trump took to Twitter early Sunday morning to urge a class-action lawsuit against ABC News by people who lost money in the stock market after the network ran a bogus story about Trump collusion with Russia.

ABC's Brian Ross on Friday reported on live television that former national security adviser Michael Flynn was prepared to testify that then-candidate Trump told him to contact Russian officials — a statement with serious implications as it suggests the Trump campaign and Russian officials possibly “colluded” during the 2016 presidential election.

The stock market plunged as a result of the news. On Sunday, Trump said: “People who lost money when the Stock Market went down 350 points based on the False and Dishonest reporting of Brian Ross of @ABC News (he has been suspended), should consider hiring a lawyer and suing ABC for the damages this bad reporting has caused - many millions of dollars!”

On Saturday, ABC announced that they suspended chief investigative correspondent Brian Ross for four weeks without pay “effective immediately” for his erroneous reporting on Michael Flynn on Friday. In a statement, ABC News said: “It is vital we get the story right and retain the trust we have built with our audience — these are our core principles. We fell far short of that yesterday.”

ABC had no immediate comment on Trump's tweet. In their Saturday tweet the network said "we deeply apologize."

Ross wrote in his own tweet: “My job is to hold people accountable and that's why I agree with being held accountable myself.”

But who will hold the network accountable for money lost in the stock market because of the phony report?

What's Your Reaction?