After U.S. District Judge Lewis Kaplan denied former President Donald Trump’s attempt to delay payment of bond related to a judgment against him in the E. Jean Carroll defamation case, he posted a $91.63 million bond.
According to NBC News, Trump asked for three extra days to pay the bond.
“The notice of Trump’s bond and appeal was made with the federal court in New York on Friday,” CNN reported.
A federal jury awarded Carroll, an 80-year-old journalist, with $83 million in damages this January. According to Audacy station 1010 WINS, this case addressed things the former president said about Carroll while he was in office.
Carroll accused Trump of raping her in the dressing room of a New York department store, per an opinion delivered last year by Kaplan. Trump then made defamatory statements in his denials of the accusations. He said Carroll wasn’t his type and that she made the story up to boost sales of her book.
“Insurance company Chubb underwrote the bond for Trump, which the former president signed on Tuesday. Under the terms of the bond, Chubb will only secure the appeal of the $83.3 million judgment, not any future appeals,” said CNN. It explained that the bond size is more than the judgement because the district court requires 110% of the bond.
The New Republic reported Friday that Trump appointed Chubb’s CEO Evan Greenberg to a White House advisory committee for trade policy and negotiations in 2018. Per the outlet, Trump – who is currently the frontrunner to be the GOP candidate in the upcoming presidential election – “appears to be struggling to post bond in his multiple lawsuits and reportedly only has about $413 million in liquid assets.”
Reports this week also indicate Trump is trying to get fundraising help from wealthy donors such as Elon Musk (who has said he is not donating to “either” candidate, apparently referencing President Joe Biden).
In a Friday Substack post, Carroll called the bond amount “stupendous.”