Trump posts $91M bond as he appeals E. Jean Carroll defamation verdict

[brooklynite]

Source: The Hill

Former President Trump posted a roughly $91 million bond on Friday as he appeals the verdict in advice columnist E. Jean Carroll’s defamation lawsuit.

Trump had aimed to delay posting the bond or reduce the amount as he seeks a new trial and otherwise continues fighting the recent verdict.
But after U.S. District Judge Lewis Kaplan rejected Trump’s latest request to delay a Monday deadline, the former president on Friday formally filed his appeal and posted the full $91.63 million bond.

“President Trump respectfully requests that this Court recognize the supersedeas bond obtained by President Trump in the sum of $91,630,000.00 and approve it as adequate and sufficient to stay the enforcement of the Judgment, to the extent that the Judgment awards damages, pending the ultimate disposition of President Trump’s appeal,” Trump attorney Alina Habba wrote in court filings.

Read more: https://thehill.com/regulation/court-battles/4518938-trump-bond-e-jean-carroll-defamation-verdict/?email=066c0990fa413d52c3842f29a42abb22ffa00eae&emaila=02c3337a6605235631b8cab2e023d54e&emailb=e0d37ab6f97ed06914f0e75a1ebed673001a81f7f84978ff9209f3e23f7ba5d3

[BlueKota]

1. Guessing Musk lent or gave him the money.

[brooklynite]

3. It's a bond, not a full payment

Roughly 10%

[BlueKota]

16. Thank you!

[brooklynite]

2. Underwritten by Chubb

Insurance company Chubb underwrote the bond for Trump, which the former president signed on Tuesday. Under the terms of the bond, Chubb will only secure the appeal of the $83.3 million judgment, not any future appeals.

https://www.cnn.com/2024/03/08/politics/trump-carroll-83-million-defamation-bond-appeal?cid=ios_app

[sdfernando]

4. Hope they can afford to lose 91 million /nt

[brooklynite]

5. They have more lawyers and accountants that Carroll does to go after his assets.

[bluestarone]

17. So, am i reading you right, by thinking

Carroll WILL get the money the bond company posted, IF TFG loses his appeal? Then the bond company goes after TFG for their money?

[brooklynite]

19. Correct. Carroll gets the cash immediately after the appeals verdict.

[bluestarone]

21. TYVM!

[NJCher]

22. Chubb is supposedly a good company

a premium company, or so I was told when I took out my house insurance from them. I probably pay a little more, but I don't run into problems with them when I file a claim, which is hardly ever.

But that was years ago. Maybe things have changed.

[PJMcK]

13. Thank you

As usual, there is a lot of “informed” commentary that doesn’t make sense.

Your attention to details and facts is appreciated.

[Jarqui]

6. So "grab 'em by the p*ssy" only costs $91M ...

He's not getting it back

Maybe Elon came through

[iluvtennis]

7. Too bad he got a financier for the bond - I wanted to see some of TSF's properties liquidated. n/t

[brooklynite]

9. He'll still need to pay the bondholder.

[NJCher]

23. yeah, I wanted to see that, too

I wanted to see some of TSF's properties liquidated.

I would have liked to see the furniture movers getting his "stuff" out of trump tower.

Eventually, the sheriff on the street, securing the locks.

Supposedly the Maralago quarters are very small, so he'd have to find a place for all his gold-trimmed furniture.

[iluvtennis]

24. Yes, that would be sweet. It's coming though with the NY state penalaties for fraud. n/t

[InstantGratification]

26. I want to see it too.

I'm curious just how much that 757 would fetch at auction.... how sweet would his humiliation be if he had to stand in a TSA security line?

[onenote]

29. So you wanted a big delay in Carroll getting her money?

She benefits from Trump getting a surety to guarantee the judgment.

[truthisfreedom]

8. It's just the beginning.

He’s gonna bleed money.

[speak easy]

10. 'The truth is out there.' :)

[PJMcK]

14. He's on track to spend $50 million per year on lawyers

That number will only increase as his criminal cases heat up.

Trump’s “empire of debt” is going to dissolve.

[FakeNoose]

18. That's his kiddies' inheritances

He'll spend it all on lawyers. The one exception is Barron's inheritance - I think Melania made sure his money is already in a trust. The older kids think they're going to get $30 mill each when he croaks. They'll all get zip.

[Autumn]

11. Eloon dropped off the suitcase

[NJCher]

25. calling it a loan

will not legalize the issue. If it is looked at as a campaign contribution, there are limits to how much he can give.

They can call it a personal gift and get the election laws out of the picture.

Bonding company gets an amount--about 4%. He has to give an irrevocable letter of credit and they'll take a pledge of assets. They will charge him 12-15% interest. The costs on this whole process are very high, especially at this level of $$.

If he doesn't pay, the letter of credit has title to the properties and they'll dissolve it.

The monitor, Barbara Jones, will know where he got the money. She will make a report to Judge Engoron and that's how we'll know who financed him.

[BradBo]

12. Whatever country gave Trump that cash is just throwing it away.

Unless he already gave the some state secrets.

[malthaussen]

15. I wonder where he got the money from.

His GoFundMe stands at only 1.3 million right now.

And I'm appalled that GoFundMe has not removed the account, as it is a violation of their TOS and several people have already pointed this out to them.

-- Mal

[onenote]

31. As a percentage of his assets, $91 million is a pittance.

He didn't need very much money to secure an appeal bond. He will have put up collateral, which could include real estate or a letter of credit from a bank.

[malthaussen]

32. "Aleged" assets. Besides, DJT never uses his own money for anything...

... so where he got it from is still a pertinent question.

-- Mal

[onenote]

33. Well, Carroll is one of those who "alleged" that Trump had substantial assets.

Are you suggesting she lied to the court?

[malthaussen]

34. Not at all. That doesn't follow.

First, how would she have accurate knowledge of DJT's assets? She can only know by hearsay. So she was repeating what she has heard. That's not lying, but it doesn't preclude being mistaken.

-- Mal

[Yo_Mama_Been_Loggin]

20. Shit's getting real Donny boy

[Jacson6]

27. The ulimate reward to Trump will him ending up as a pauper on a street corner in a few years.

The guy is just dumb when it comes to the law. His past experience of just filling for bankruptcy and then pay his creditors and attorneys pennies on the dollar won't work this time.

[bluestarone]

28. Couple things here. Is it at all possible some COUNTRY is secretly giving this money, through Chubbs? How would we know?

Isn't this proof they lied when they told the judge they can't come up with the money? I DO NOT trust these people at all. One more thing, does interest continue on the money still?