Former U.S. President Donald Trump speaks throughout a press convention after attending the E. Jean Carroll second civil trial in New York Metropolis on Jan. 17, 2024.
Shannon Stapleton | Reuters
Former President Donald Trump on Friday appealed a civil defamation verdict in favor of author E. Jean Carroll, and posted a $91.6 million bond as he requested to keep away from having to pay damages he owes her as he pursues that enchantment.
The enchantment got here simply three days earlier than Trump confronted a deadline to pay $83.3 million in damages to Carroll for defaming her in 2019, when as president, he first denied her allegation that he had raped her in a Manhattan division retailer within the mid-Nineties.
The $91.6 million bond he posted is supposed to safe that injury award within the occasion his enchantment of January’s jury verdict fails. Trump will get the cash from the bond again if he wins his enchantment.
Carroll in a Substack publish later Friday referred to as the bond measurement “stupendous,” and instructed that she would have rapidly begun seizing Trump’s belongings if he had not secured the judgment by the deadline.
She added that her whereas lawyer, Roberta Kaplan, “is powerful sufficient to yank a golden bathroom out of the ground at Trump Tower and toss it via the window, this bond saves Robbie the difficulty of exhibiting up with US Marshals on Monday to take action.”
Manhattan federal courtroom Choose Lewis Kaplan, who shouldn’t be associated to Carroll’s lawyer, on Thursday denied a request by Trump to delay paying the author.
E. Jean Carroll and her attorneys Shawn Crowley and Roberta Kaplan react exterior the Manhattan Federal Courtroom after the decision within the second civil trial after she accused former U.S. President Donald Trump of raping her many years in the past, in New York Metropolis on Jan. 26, 2024.
Brendan Mcdermid | Reuters
The bond was issued by Federal Insurance coverage Firm, a subsidiary of Chubb Insurance coverage Firm, based mostly in Chesapeake, Virginia, in keeping with a duplicate of the doc Trump signed. It represents 110% of the full damages awarded to Carroll within the case, which displays the truth that the injury award is elevated by 9% yearly underneath New York regulation.
A courtroom submitting in regards to the bond didn’t reveal how a lot Trump both paid, or put up as collateral, to acquire it.
Chubb’s chairman and CEO, Evan Greenberg, in 2018 was appointed by Trump to the U.S. Commerce Consultant’s “Advisory Committee for Commerce Coverage and Negotiations.” Greenberg is not on that panel.
Chubb is referenced in one other main Trump authorized matter: the New York civil enterprise fraud case during which Trump has been ordered to pay greater than $450 million for mendacity on monetary types about his web value and property values.
The lawsuit by New York’s lawyer normal that led to these damages stated that Trump misrepresented the dimensions of his Trump Tower triplex condo to a Chubb appraiser, who had gone to the unit in 2010 as a part of the underwriting course of for a home-owner’s insurance coverage coverage.
Trump, who personally carried out a walk-through tour of the condo, stored the main bedroom and a dressing room off limits as a result of “Mrs. Trump was sleeping,” the appraiser wrote, in keeping with the go well with.
The appraiser additionally famous that there was little time to take measurements of the property, as a result of the appointment “was carried out at a pace directed by Mr. Trump,” who had allotted solely about quarter-hour for the evaluation, the go well with alleged.
Trump informed the appraiser that he thought the triplex was about 25,000 to 30,000 sq. toes, in keeping with go well with. However the precise measurement was 10,996 sq. toes.
Kaplan gave Carroll’s attorneys till Monday morning to submit any opposition to Trump’s proposed bond and courtroom order. If there’s a disagreement about Trump’s requests, the events will argue earlier than Kaplan on Monday afternoon.
A spokesman for Carroll’s attorneys, requested if they might object to the bond proposal, informed CNBC, “should wait and see.”
Trump can be interesting one other Manhattan federal civil verdict, reached final 12 months, which ordered him to pay Carroll $5 million in damages for sexually abusing her within the mid-Nineties after which defaming her in feedback he made in 2022.
As a part of that different enchantment, he posted $5.6 million money with the courtroom to safe the damages he owes.
Trump can be interesting the $454 million verdict in his civil enterprise fraud case in New York state courtroom.
An appeals courtroom choose final week rejected Trump’s request to publish a bond of simply $100 million to safe these damages as he seeks to overturn the fraud verdict.
A panel of appellate judges is about to weigh in on Trump’s bond request within the fraud case.
Trump, who’s the presumptive Republican presidential nominee, individually faces 91 prison counts in 4 separate circumstances. He has pleaded not responsible in all of these circumstances.
