Donald J. Trump on Friday posted a $91.6 million bond in a defamation case he recently lost to the writer E. Jean Carroll, staving off a potential legal and financial disaster just days before a deadline to secure the deal.
The bond, provided by an outside insurance company, will prevent Ms.
Carroll from collecting the judgment while Mr. Trump appeals.
A federal jury awarded Ms. Carroll $83.3 million in January, and Mr. Trump recently asked that the judgment be paused. The judge presiding over the case, Lewis A. Kaplan, denied Mr. Trump’s request for a preliminary reprieve, putting pressure on Mr. Trump to either come up with the money himself or secure help from an outside company.
With a Monday deadline looming, Mr. Trump secured the bond, which is higher than the $83.3 million judgment because the former president is also responsible for interest.
The bond is a promise from the company offering it — Federal Insurance Company, an arm of the insurance giant Chubb — to cover Mr. Trump’s judgment if he loses his appeal and fails to pay. In exchange, Mr. Trump must pay the company a fee and pledge collateral, including as much cash as possible.
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@ISIDEWITH2yrs2Y
How would you feel if you were held accountable for a large sum of money over something you said?
@9KPY9CK2yrs2Y
There should be very few situations in which your right of free speech should cost you anything. Defaming another person is wrong yes, but you should only be able to sue them if a jury or judge hears both parties including all facts, and takes in the totality of circumstances to make the final decision.
@9KPTRFT2yrs2Y
Depending on the thing I said and the damage it caused could be plenty reasonable, such as inciting violence over a large audience.
@9KPQWFPRepublican2yrs2Y
I think that they lie a lot and they shouldn't lie
@ISIDEWITH2yrs2Y
@ISIDEWITH2yrs2Y
If you were accused of defamation and lost in court, how might that change your perception of free speech?
@9KQ6CKR2yrs2Y
I think that suing on the alleged basis of defamation has the potential to damage a person’s freedom of speech.
@EnragedBadgerRepublican2yrs2Y
— E. Jean Carroll admitted to the media Trump’s behavior toward her was playful, despite the media regularly egging her on & urging her to say Trump raped her
— NY changed the law allowing her to sue after the statute of limitations had expired
— She sues, jury exonerates Trump on rape but says he “defamed” her by pleading his innocence
— $5 million penalty leveled against Trump
— Judge overrules jury, publicly states Trump did rape Carroll
— Because Trump also publicly pleaded his innocence in 2019, Carroll filed a second lawsuit… Read more
This whole episode is one of the most extreme abuses of the legal system in U.S. history, except perhaps for AG Letitia James’ “fraud” case, or maybe also DA Bragg’s “campaign finance” case. New York is starting to make Haiti look like a model of law and order.
Once again, the only thing worse than Trump is the way progressives are happily turning America into a banana republic just to take him out.
@FederalistGaryDemocrat2yrs2Y
Mostly accurate. I believe that while the jury said no rape, they did find him liable for sexual assault. That is what the $5 million award was for, not for defamation.
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