Trump posts $916 million bond, appeals E. Jean Carroll decision

Trump posts $91.6 million bond, appeals E. Jean Carroll verdict

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Former U.S. President Donald Trump speaks throughout an interview after participating in the E. Jean Carroll 2nd civil trial in New York City onJan 17, 2024.

Shannon Stapleton|Reuters

Former President Donald Trump on Friday appealed a civil character assassination decision in favor of author E. Jean Carroll, and published a $916 million bond as he asked to prevent needing to pay damages he owes her as he pursues that appeal.

The appeal came days before Trump dealt with a due date to pay $833 million in damages to Carroll for maligning her in 2019, when as president, he initially rejected her accusation that he had actually raped her in a Manhattan outlet store in the mid-1990 s.

The $916 million bond he published is implied to protect that damage award in case his appeal of January’s jury decision stops working. Trump will get the cash from the bond back if he wins his appeal.

Manhattan federal court Judge Lewis Kaplan on Thursday rejected a demand by Trump to postpone paying Carroll.

E. Jean Carroll and her lawyers Shawn Crowley and Roberta Kaplan respond outside the Manhattan Federal Court after the decision in the 2nd civil trial after she implicated previous U.S. President Donald Trump of raping her years back, in New York City onJan 26, 2024.

Brendan Mcdermid|Reuters

The bond was released by Federal Insurance Company, a subsidiary of Chubb Insurance Company, based in Chesapeake, Virginia, according to a copy of the file Trump signed. It represents 110% of the overall damages granted to Carroll in the event, which shows the reality that the damage award is increased by 9% yearly under New York law.

A court filing about the bond did not expose just how much Trump either paid, or install as security, to acquire it.

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Trump is likewise enticing another Manhattan federal civil decision, reached in 2015, which bought him to pay Carroll $5 million in damages for sexually abusing her in the mid-1990 s and after that maligning her in remarks he made in 2022.

As part of that other appeal, he published $5.6 million money with the court to protect the damages he owes.

Trump is likewise appealing a current New York state court judge’s decision buying him to pay more than $450 million in fines and interest to the state for fraudulently inflating his net worth and home worths for several years on monetary records.

An appeals court judge recently turned down Trump’s demand to publish a bond of simply $100 million to protect those damages as he looks for to reverse the decision. A panel of appellate judges has yet to rule on that demand.

Trump, who is the presumptive Republican governmental candidate, independently deals with 91 criminal counts in 4 different cases. He has actually pleaded innocent in all of those cases.

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