Current:Home > FinanceTrump attorneys post bond to support $83.3 million award to writer in defamation case-Angel Dreamer Wealth Society D1 Reviews & Insights
Trump attorneys post bond to support $83.3 million award to writer in defamation case
View Date:2025-01-11 11:43:28
NEW YORK (AP) — Former President Donald Trump has secured a bond sufficient to support an $83.3 million jury award granted to writer E. Jean Carroll during a January defamation trial stemming from rape claims she made against Trump, his lawyer said Friday as she notified the federal judge who oversaw the trial that an appeal was underway.
Attorney Alina Habba filed papers with the New York judge to show that Trump had secured a $91.6 million bond from the Federal Insurance Co. She simultaneously filed a notice of appeal to show Trump, the 2024 Republican presidential front-runner, is appealing the verdict to the 2nd U.S. Circuit Court of Appeals.
The filings came a day after Judge Lewis A. Kaplan refused to delay a Monday deadline for posting a bond to ensure that the 80-year-old Carroll can collect the $83.3 million if it remains intact following appeals.
The posting of the bond was a necessary step to delay payment of the award until the 2nd Circuit can rule.
Trump is facing financial pressure to set aside money to cover both the judgment in the Carroll case and an even bigger one in a lawsuit in which he was found liable for lying about his wealth in financial statements given to banks.
A New York judge recently refused to halt collection of a $454 million civil fraud penalty while Trump appeals. He now has until March 25 to either pay up or buy a bond covering the full amount. In the meantime, interest on the judgment continues to mount, adding roughly $112,000 each day.
Trump’s lawyers have asked for that judgment to be stayed on appeal, warning he might need to sell some properties to cover the penalty.
On Thursday, Kaplan wrote that any financial harm to Trump results from his slow response to the late-January verdict in the defamation case over statements he made about Carroll while he was president in 2019 after she claimed in a memoir that he raped her in spring 1996 in a midtown Manhattan luxury department store dressing room.
Trump vehemently denied the claims, saying that he didn’t know her and that the encounter at a Bergdorf Goodman store across the street from Trump Tower never took place.
A jury last May awarded Carroll $5 million after concluding that Trump sexually abused Carroll in the 1996 encounter, though it rejected Carroll’s rape claims, as rape was defined by New York state law. A portion of the award also stemmed from the jury’s finding that Trump defamed Carroll with statements he made in October 2022.
The January trial pertained solely to statements Trump made in 2019 while he was president. Kaplan instructed the jury that it must accept the findings of the jury last May and was only deciding how much, if anything, Trump owed Carroll for his 2019 statements.
Trump did not attend the May trial, but he testified briefly and regularly sat with defense lawyers at the January trial, though his behavior, including disparaging comments that a lawyer for Carroll said were loud enough for jurors to hear, prompted Kaplan to threaten to banish him from the courtroom.
veryGood! (56815)
Related
- Can't afford a home? Why becoming a landlord might be the best way to 'house hack.'
- Oil prices and the Israel-Hamas war
- Latest projection points to modest revenue boost for Maine government
- Ex-prison guard gets 3 years for failing to help sick inmate who later died
- DWTS’ Ilona Maher and Alan Bersten Have the Best Reaction to Fans Hoping for a Romance
- Dashcam video shows 12-year-old Michigan boy taking stolen forklift on joyride, police say
- Pakistan acquits ex-Premier Nawaz Sharif in a graft case. He’s now closer to running in elections
- The Best TikTok Gifts for Teens They’ll Actually Love and Want
- Sam LaPorta injury update: Lions TE injures shoulder, 'might miss' Week 11
- Family of Los Angeles deputy killed in ambush shooting plans to sue county over forced overtime
Ranking
- Princess Kate makes rare public appearance after completing cancer chemo
- 30 famous Capricorns you should know. These celebrities belong to the winter Zodiac sign
- Writer John Nichols, author of ‘The Milagro Beanfield War’ with a social justice streak, dies at 83
- Pakistan acquits ex-Premier Nawaz Sharif in a graft case. He’s now closer to running in elections
- Burger King's 'Million Dollar Whopper' finalists: How to try and vote on your favorite
- Child dies in fall from apartment building in downtown Kansas City, Missouri
- Texas women who could not get abortions despite health risks take challenge to state’s Supreme Court
- Jazz up your document with a new font or color: How to add a text box in Google Docs
Recommendation
-
The Surreal Life’s Kim Zolciak Fuels Dating Rumors With Costar Chet Hanks After Kroy Biermann Split
-
Israel compares Hamas to the Islamic State group. But the comparison misses the mark in key ways
-
Fake AI-generated woman on tech conference agenda leads Microsoft and Amazon execs to drop out
-
US mediators reject attempt by flight attendants to clear the path for a strike at American Airlines
-
University of Illinois Urbana-Champaign chancellor to step down at end of academic year
-
Corruption case reopened against Argentina’s Vice President Fernández, adding to her legal woes
-
Sean 'Diddy' Combs temporarily steps down as chairman of Revolt following sexual assault lawsuits
-
A judge awards Aretha Franklin's properties to her sons, citing a handwritten will