Former President Donald Trump has posted a $91.63 million bond as he appeals the judgment against him in the E. Jean Carroll defamation case. The notice of Trump’s bond and appeal was filed with the federal court in New York on Friday.
In January, a federal jury awarded Carroll $83.3 million in damages due to Trump’s defamatory statements denying he raped her, saying she wasn’t his type, and accusing her of making up the allegation to boost sales of her book.
Donald Trump (Credits: Reuters)
The bond was underwritten by insurance company Chubb, and Trump signed it on Tuesday. Chubb will only secure the appeal of the $83.3 million judgment, not any future appeals.
The bond size exceeds the judgment because the district court generally requires a party to post 110 percent of the bond. Additionally, Trump faces a March 25 deadline to put up another $454 million in the New York attorney general’s civil fraud case.
Donald Trump (Credits: The Independent)
In Carroll’s case, Trump has argued that the jury award is excessive and should be reduced. During the trial, Carroll’s lawyers argued that Trump should be punished with a large damages award to compel him to stop his defamatory behavior.
In addition to these legal challenges, Trump is also facing mounting legal fees for the four criminal trials he’s currently involved in as he campaigns for another presidential term.
