Share this @internewscast.com

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.

The automatic stay of the judgment was set to expire Monday, at which point Carroll’s attorneys could have moved to start collecting the money she was awarded for Trump’s having defamed her when he was president and then after she received a separate $5 million judgment against him last year. He’s appealing that verdict also, and posted a bond for that judgment last year.

Court documents show Trump signed the new bond agreement on Tuesday, and the attorney for FIC signed it on Wednesday — the same day that Trump’s lawyers filed a letter asking the judge to stay the judgment for three days after he rules on their previous request for stay, which he has yet to do.

U.S. District Judge Lewis Kaplan rejected that request in an order Thursday and chided Trump for trying to rush his ruling. “Mr. Trump’s current situation is a result of his own dilatory actions. He has had since January 26 to organize his finances with the knowledge that he might need to bond this judgment, yet he waited until 25 days after the jury verdict” and shortly before the expiration of the automatic stay to seek relief, the judge wrote.

Trump is facing a similar — and larger — issue in New York state court, where he was hit last month with a $464 million civil fraud judgment.

Share this @internewscast.com
You May Also Like
Bryan Kohberger allegedly searched pictures of female students, some were close to alleged victims

Timeline of Idaho Murders: Bryan Kohberger’s Plea Marks the End of a Lengthy Justice Pursuit

BOISE, Idaho – The longstanding University of Idaho homicide case has taken…
Two hikers on the summit of Mount Whitney holding a sign.

14-Year-Old Overcomes Altitude-Induced Hallucinations During Descent from America’s Tallest Mountain as Father Observes

THE father of a teen who fell off a 120-foot cliff gave…

Ainsley Earhardt Posts Heartwarming Behind-the-Scenes Photos Months Following Engagement to Fox News Colleague Sean Hannity

AINSLEY Earhardt gave fans a look behind the scenes as she filmed…
Several people injured after shooting incident at Georgia shopping mall: police

Multiple Injuries Reported Following Shooting at Georgia Mall, Police Say

Several people, including one juvenile, were injured at a mall in Savannah,…
What We Voted For: Sean Duffy Takes on 'Woke' Roadways in Timely Reminder to Governors, State DOTs

How Sean Duffy Challenges ‘Woke’ Roads: A Thought-Provoking Message for Governors and State Departments of Transportation

I have to admit that I have been seriously impressed with Sean…
American Airlines Douglas DC-4 airplane in flight over ocean.

Exploring the 1950 Plane Crash Where Remains Were Found Ashore for Days – Search Concluded Decades After

THE full story of a mysterious Michigan plane crash may never be…
Mugshot of Ishaan Sharma with a black eye and other injuries.

Disruptive Passenger Ends Up with Severe Black Eye Following Shirtless Fight on Frontier Airlines Flight

A disruptive passenger ended up bruised and embarrassed after initiating a fight…
Drive-by shooting in Chicago leaves 4 dead, 14 injured

Chicago Drive-By Shooting Results in 4 Fatalities and 14 Injuries

The shooting happened at a restaurant that had just hosted the release…
BIO Plots $2M Campaign to Remove RFK

BIO Launches $2 Million Effort to Dismiss RFK

A leaked memo surfaced outlining a plot to remove US Secretary of…
Chris Drury's heaping praise on Vladislav Gavrikov gives look into Rangers' mindset

Chris Drury Praises Vladislav Gavrikov: Insight into the Rangers’ Strategy

Chris Drury is typically reserved in his expressions, but he made a…
For New Yorkers Looking to Flee, a Cautionary Warning: Florida Is Not the Paradise You May Envision

Panic Ensues as DoD Stops Sharing Satellite Weather Data: A Controversial Move Spurs Outrage Among Progressives

The decision isn’t due to financial constraints. It appears the Navy is…
Northeast Florida law enforcement's three-day sting nets 33 arrests

Three-day sting operation in Northeast Florida leads to 33 arrests

The St. Johns County Sheriff’s Office has named their recent operation ‘Operation…