Former U.S. President Donald Trump speaks at a press conference after attending the second civil trial of E. Jean Carroll on January 17, 2024 in New York.
Shannon Stapleton | Reuters
Former President Donald Trump on Friday appealed a civil defamation verdict, siding with author E. Jean Carroll and posting $91.6 million bail as he asked to avoid the appeal process. Pay the compensation owed to her.
The appeal comes three days before Trump faces a deadline to pay Carroll $83.3 million in damages for defaming her in 2019. At the time, Trump for the first time as president denied Carroll’s allegation that he raped her in a Manhattan department store in the mid-1990s.
His $91.6 million bail was to collect damages if he failed to appeal the January jury verdict. If Trump wins his appeal, he will get money back from the bonds.
Carol at substack The post late Friday called the size of the bond “staggering” and suggested she would soon begin seizing Trump’s assets if he failed to obtain a judgment by the deadline.
She added that her attorney, Roberta Kaplan, “was strong enough to pull a gold toilet from the floor of Trump Tower and throw it through the window, a bond that saved Robbie Monday’s fight with the U.S. Trouble with the bailiff. “
Manhattan Federal Court Judge Lewis Kaplan, who is not related to Carroll’s attorney, on Thursday rejected Trump’s request to delay the payment to the writer.
On January 26, 2024, E. Jean Carroll accused former US President Donald Trump of raping her in New York decades ago. .
Brendan McDermid | Reuters
The bond was issued by Federal Insurance Company, a subsidiary of Chubb Insurance Company, based in Chesapeake, Virginia, according to a copy of the document signed by Trump. This represented 110% of the total damages awarded to Carroll in the case, reflecting the fact that New York law provides for damages to increase by 9% each year.
Court filings on the bond did not disclose how much Trump paid to obtain the bond or how much collateral he provided.
Evan Greenberg, Chairman and CEO of Chubb, served as CEO in 2018 appointment Trump made the proposal to the U.S. Trade Representative’s Trade Policy and Negotiations Advisory Committee.Greenberg stopped paying attention to the issue control panel.
Chubb was mentioned in Trump’s other major legal case: a New York civil business fraud case in which Trump was ordered to pay more than $450 million for lying about his net worth and property value on financial forms.
this litigation The New York attorney general who led to the losses said Trump misrepresented the size of the Trump Tower triplex to a Chubb appraiser who visited the unit in 2010 as part of the underwriting process for his home insurance policy.
The lawsuit alleges that Trump personally visited the apartment and barred access to the master bedroom and dressing room because “Mrs. Trump was sleeping,” the appraiser wrote.
The appraiser also noted that there was little time to measure the property because the appointment “was conducted at the pace directed by Mr. Trump,” who was only allotted approximately 15 minutes to conduct the appraisal, the lawsuit states.
Trump told the appraiser that he believed the triplex would be about 25,000 to 30,000 square feet, according to the lawsuit. But the actual area is 10,996 square feet.
Kaplan gave Carroll’s attorneys until Monday morning to submit any objections to Trump’s proposed bail and court order. If there are differences over Trump’s demands, the two sides will argue in front of Kaplan on Monday afternoon.
Asked if he would oppose the bond proposal, a spokesman for Carroll’s lawyers told CNBC: “It will have to be seen.”
Trump is also appealing a separate Manhattan federal civil verdict reached last year that ordered him to pay Carroll $5 million in damages for sexually abusing her in the mid-1990s and then in 2022. defamed her in comments published in 2006.
As part of a separate appeal, he paid $5.6 million in cash to the court to secure the damages he was owed.
Trump is also appealing a $454 million verdict in a New York state court in his civil business fraud case.
Last week, an appeals court judge rejected Trump’s request to post only a $100 million bond to secure damages as he seeks to overturn a fraud conviction.
A panel of appeals judges will weigh Trump’s request for bail in the fraud case.
Trump, the Republican presidential candidate, faces 91 criminal charges in four separate cases. He has pleaded not guilty in all those cases.
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