By LARRY NEUMEISTER (Associated Press)
NEW YORK (AP) — Donald Trump has secured a $91.6 million bond ample to cowl the cash he owes to author E. Jean Carroll in a defamation lawsuit whereas he appeals the jury’s verdict, the previous president’s lawyer informed a courtroom on Friday.
Attorney Alina Habba filed papers with the New York choose to indicate that Trump had secured the bond from the Federal Insurance Co., a unit of the insurance coverage large Chubb. The bond would cowl the $83.3 million judgement within the lawsuit, plus curiosity.
Habba concurrently filed a discover displaying Trump, the seemingly 2024 Republican presidential nominee, is interesting the decision. The posting of the bond was a crucial step to delay cost of the award till the 2nd U.S. Circuit Court of Appeals can rule on Trump’s authorized problem.
The filings got here a day after Judge Lewis A. Kaplan refused to delay a Monday deadline for posting a bond to make sure that Carroll, 80, can accumulate the judgement if it stays intact following appeals.
Trump faces monetary strain to put aside cash to cowl each the judgment within the Carroll case and a fair larger one in a lawsuit through which he was discovered answerable for mendacity about his wealth in monetary statements given to banks.
A New York choose just lately refused to halt assortment of a $454 million civil fraud penalty whereas Trump appeals. He now has till March 25 to both pay up or purchase a bond protecting the complete quantity. In the meantime, curiosity on the judgment continues to mount, including roughly $112,000 every day.
Trump’s attorneys have requested for that judgment to be stayed on enchantment, warning he would possibly must promote some properties to cowl the penalty.
A civil jury in New York final May discovered that Trump had sexually abused Carroll in 1996 within the dressing room of a luxurious division retailer in Manhattan.
Trump, 77, vehemently denies the claims, saying that he didn’t know Carroll on the time and that the encounter at a Bergdorf Goodman retailer by no means passed off.
That jury awarded Carroll $5 million to compensate her for each the alleged sexual assault and for harm to her fame when Trump stated publicly that she made up the assault to assist promote a memoir.
A second trial was held in January to resolve how far more Trump would possibly owe Carroll for derogatory feedback he made about her in 2019 whereas he was president. Kaplan instructed the jury that it should settle for the sooner jury’s findings that the sexual abuse had occurred.
Trump didn’t attend the May trial. He testified briefly and recurrently sat with protection attorneys on the January trial, held in Manhattan, although the choose threatened to banish him from the courtroom for muttering disparaging feedback in regards to the case that had been doubtlessly loud sufficient for jurors to listen to.
Source: www.bostonherald.com”