Judge Approves Trump’s $91 Million Bond to Delay Defamation Payment Amid Appeal

Contact Your Elected Officials
The Epoch Times Header

If Trump’s appeal fails, the bond ensures payment to Ms. Carroll of the damages awarded by a jury in January.

A federal judge on Tuesday approved the $91.6 million bond posted by former President Donald Trump to delay payment of a defamation judgment awarded to writer E. Jean Carroll, according to court documents.

President Trump posted the supersedeas bond on March 8, seeking to pause enforcement of the judgment against him while awaiting the appeal’s resolution. Such a bond is required when appealing.

U.S. District Court Judge Lewis Kaplan granted the request to stay the execution of the judgment pending appeal in his order on Tuesday, saying the bond was “deemed sufficient.”

“Enforcement of the Judgment, to the extent that the Judgment awards damages, is STAYED pending the final disposition of the appeal by the United States Court of Appeals for the Second Circuit,” the judge wrote in his order.

If the appeal fails, the bond ensures payment to Ms. Carroll of the damages awarded by a jury in January. The bond was filed a day after Judge Kaplan denied Alina Habba, one of the former president’s attorneys, permission to delay posting the bond.

The appeals bond was secured from the Virginia-based Federal Insurance Company, totaling $91,630,000 to cover the $83 million judgment in the case plus interest, per a court filing.

The conditions of the bond did not specify what assets President Trump used to secure the bond.

On March 8, President Trump filed a notice of appeal of the judgment with the U.S. Court of Appeals for the Second Circuit. This required him to either pay the judgment or post a bond for the full amount of the judgment in order to proceed.

According to a court filing, if the appeal is successful, then the bond “shall be null, void, released, and discharged.”

Ms. Habba expressed confidence that the appeals court would overturn the judgment.

“Due to the numerous prejudicial errors made at the lower level, we are highly confident that the Second Circuit will overturn this egregious judgment,” Ms. Habba said in a statement.

By Caden Pearson

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

This Is America: Target™ Reparations

“This Is America” explores the cultural undercurrents pulling Western...

Blind Man’s Shutdown

Congress is playing the equivalent of Bind Man's Bluff. With the shout “tag your it” they seek to blame the other party for the government shutdown.

A Reluctant Acknowledgment: What Conservatives Can Admire in Everyday Progressives

Admirable ideological qualities seen in liberals and left-wing individuals are those of the everyday believer not their political leadership.

Ensuring Domestic Tranquility

The Supremacy Clause in Article VI of the U.S. Constitution establishes it as the highest law of the land, taking precedence over conflicting state laws.

Is There a 9/11 WTC and 9/10 Charlie Kirk Connection?

Strange parallels in online stories raise questions about whether Israelis and Mossad intelligence are our allies or adversaries.

Trump Coal Boost Gains Momentum as Bids, Land Opened Up

Trump administration accelerates coal expansion with new leases, mine permits, and 13.1 million acres of federal land opened for coal mining.

Goaded by Tariffs, European Pharmaceutical Industry Pivots to the US

U.S. tariffs and a lucrative drug market are driving European pharma firms to boost investment through new plants, stock listings, and pricing deals.

Trump to Deploy 300 National Guard Members in Illinois, Pritzker Says

President Trump to deploy 300 National Guard members in Illinois after DHS said federal officers were rammed and fired upon near Chicago,

A Shooting Near Houston Suburb Leaves Two Children Dead and Two Others in Critical Condition

Two children were killed and two more were critically injured in a shooting early Saturday near the Houston suburb of Angleton, Texas, authorities said.

Department of Energy Cancels $7.5 Billion in Project Funding

The Dept of Energy (DOE) said on Oct. 2 that it had terminated 321 federal grants funding 223 projects, amounting to about $7.56 billion in cuts.

White House Withdraws EJ Antoni’s Nomination to Lead Bureau of Labor Statistics

The White House has withdrawn economist EJ Antoni’s nomination to lead the Bureau of Labor Statistics, the White House confirmed on Sept. 30.

US to Impose 100 Percent Tariffs on Foreign-Made Movies, Trump Says

President Donald Trump announced on Sept. 29 that he will impose a 100 percent tariff on all movies produced outside the United States.

Trump to Host Netanyahu at White House to Discuss Gaza Peace Plan

President Trump will host Israeli Prime Minister Netanyahu at the White House on Sept. 29 to discuss a ceasefire and broader peace plan for Gaza.
spot_img

Related Articles

Popular Categories

MAGA Business Central