Trump posts $91 million bond and files notice to appeal in E. Jean Carroll case
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Source: NBC News
By Adam Reiss, Lisa Rubin and Dareh Gregorian
Attorneys for former President Donald Trump filed official notice Friday they're appealing the $83 million defamation verdict awarded to writer E. Jean Carroll and that they've posted the $91 million bond needed to keep her from collecting while the appeal plays out.
The lawyers asked the judge in a court filing for an order approving the $91,630,000 bond and staying execution of Carroll's judgment.
The terms of the bond and how much money or collateral Trump put down are unclear. The source of the bond is the Federal Insurance Company, a corporation authorized to transact business in New York. They are based in Chesapeake, Virginia and New Jersey and the company appears to be a subsidiary of Chubb Insurance Company. The document is signed by the former president.
The filing came as a surprise because Trump's lawyers have repeatedly asked the judge for more time to post the bond and to reduce the amount. The bond was needed to prevent Carroll from moving to collect on the judgment during the pendency of the appeal, which could take months or even years. It's greater than the amount of the actual verdict to account for New York's 9% annual interest rate.
Read more: https://www.nbcnews.com/politics/donald-trump/trump-posts-91-million-bond-appeal-e-jean-carroll-case-rcna142462?taid=65eb3ba200e0f400019b2056&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter
samplegirl
(11,513 posts)the cash cow?
happy feet
(872 posts)onecaliberal
(32,940 posts)They don't even care to hide it.
JoyBugaloo
(99 posts)at Mar a Lago
🧐
mercuryblues
(14,551 posts)It takes all the positive press coverage off Biden for the weekend and put it back on him. I wish the media would just say Home and keep going on about Biden.
Bernardo de La Paz
(49,054 posts)catrose
(5,075 posts)getagrip_already
(14,907 posts)I believe it will have to be disclosed to the court.
The terms of the bond are relevant to the judges decision to accept it.
Think. Again.
(8,580 posts)...he's feeling the fear that so many of us are all to familiar with: "Where will I get the money for all the bills coming in down the line?"
sarisataka
(18,839 posts)Post the latest news from reputable mainstream news websites and blogs. Important news of national interest only. No analysis or opinion pieces. No duplicates. News stories must have been published within the last 12 hours. Use the published title of the story as the title of the discussion thread.
Duplicate of https://www.democraticunderground.com/10143205986
Omaha Steve
(99,802 posts)DUPE of https://www.democraticunderground.com/10143205986
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Post the latest news from reputable mainstream news websites and blogs. Important news of national interest only. No analysis or opinion pieces. No duplicates. News stories must have been published within the last 12 hours. Use the published title of the story as the title of the discussion thread.