Trump posts $91 million bond and files notice to appeal in E. Jean Carroll case [View all]
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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
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