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In reply to the discussion: Chubb seems to think loaning TSF $91M is a "sound investment" [View all]onenote
(42,796 posts)39. Moreover, if, heaven forbid, Trump prevailed in his appeal, Chubb gets to keep the premiums it received and Trump
can try to recover them FROM CARROLL under Federal Rule of Appellate Procedure 39( e ):
(e) Costs on Appeal Taxable in the District Court. The following costs on appeal are taxable in the district court for the benefit of the party entitled to costs under this rule:
(1) the preparation and transmission of the record;
(2) the reporters transcript, if needed to determine the ap- peal;
(3) premiums paid for a supersedeas bond or other bond to preserve rights pending appeal; and
(4) the fee for filing the notice of appeal.
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The poster I replied to had never heard of them, and suggested they were a small regional outfit
MichMan
Mar 9
#24
Depends on the interest rate and collateral. Insurance companies are very (very) good at pricing "risk"
CincyDem
Mar 9
#5
Assuming trump loses his appeal, it will be fun watching either the government or Chubb going after trump's assets.
Silent Type
Mar 9
#15
They'll lose their money just as Mike Lindell has lost his money in service to the wannabe dictator.
Vinca
Mar 9
#17
Not voting, but it is virtually certain that Chubb will not lose money on this surety.
onenote
Mar 9
#25
These threads are driving me nuts - some people still seem to think an appeal bond is a bad thing -
Ocelot II
Mar 9
#37