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Trump posts $91 million bail in defamation case against writer E. Jean Carroll

2024-03-08T16:57:21.108Z

Highlights: Trump posts $91 million bail in defamation case against writer E. Jean Carroll. The former president also filed his appeal in federal court in New York. A jury awarded $83 million in compensation to Carroll because Trump accused her of lying when she alleged that he had raped her. If Judge Lew Kaplan signs the bond, Trump could obtain a stay of execution of the sentence to waiting for the appeal, a process that could take months. However, the terms of the bail and the amount of collateral Trump provided are unclear.


The former president also filed his appeal in federal court in New York, after a jury awarded $83 million in compensation to Carroll because Trump accused her of lying when she alleged that he had raped her.


Donald Trump has posted bail of more than $91 million in the defamation case against writer E Jean Carroll, NBC News reported.

The former president had until next Monday to do so.

As expected, at the same time, the former president filed his appeal for the $83 million in damages in the defamation case, if Judge Lew Kaplan signs the bond, Trump could obtain a stay of execution of the sentence to waiting for the appeal, a process that could take months.

However, the terms of the bail and the amount of collateral Trump provided are unclear.

The source of the bond is the Federal Insurance Company, a corporation authorized to transact business in New York.

It is 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 motion was a surprise because Trump's lawyers have repeatedly asked the judge for more time to post bail and reduce its amount.

The bond was necessary to prevent Carroll from collecting the judgment while the appeal was pending, which could take months or even years.

It is greater than the actual verdict amount to take into account New York's 9% annual interest rate.

The automatic stay of sentence was set to expire Monday, at which point Carroll's lawyers could have taken steps to begin collecting money he received for defaming her when he was president.

The writer had already received $5 million in compensation in a judgment for another case against Trump last year.

Trump faces a similar, and broader, problem in New York state court, where he received a $464 million civil fraud judgment last month.

Source: telemundo

All news articles on 2024-03-08

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