Former President Trump can delay paying E. Jean Carroll the $83.3 million a jury decided he owes her until after he exhausts all appeal options he has vowed to seek, The New York Times reports. On …

Former President Trump can delay paying E. Jean Carroll the $83.3 million a jury decided he owes her until after he exhausts all appeal options he has vowed to seek, The New York Times reports.

On Friday, a federal jury in New York ordered Trump to pay Carroll for defaming her in 2019 when he denied her accusation that he sexually assaulted her in the 1990s.

After the decision, he announced he would be appealing the “absolutely ridiculous” ruling.

…

Trump also could attempt to secure a bond, which saves him from having to pay her the full amount up front, the Times report noted. He may have to pay a deposit and offer collateral that would come with interest and fees — but it also means he would have to find someone willing to lend him the significant sum of money.

    • MicroWave@lemmy.worldOPEnglish
      42·
      10 months ago

      According to the cited NYT article, he still has to put up money one way or another while he appeals:

      Yet the former president is still on the hook to pay something — possibly a sizable sum — while he waits.

      Mr. Trump can pay the $83.3 million to the court, which will hold the money while the appeal is pending. This is what he did last year when a jury ordered him to pay Ms. Carroll $5.5 million in a related case.

      Or, Mr. Trump can try to secure a bond, which will save him from having to pay the full amount up front.

      A bond might require him to pay a deposit and offer collateral, and would come with interest and fees. It would also require Mr. Trump to find a financial institution willing to lend him a large sum of money at a time when he is in significant legal jeopardy.

      https://www.nytimes.com/2024/01/26/nyregion/trump-carroll-pay-83-million.html

      • Rapidcreek@lemmy.world
        182·
        10 months ago

        Yup, he’s going to have to write that check either way. He claims to be liquid ataround 400 million, so he’ll be using a quarter of that.

        • kent_eh@lemmy.caEnglish
          5·
          10 months ago

          He claims to be liquid ataround 400 million

          If anyone actually believes him…

      • IdiosyncraticIdiot@sh.itjust.works
        101·
        10 months ago

        Yeah this sounds more accurate. I was under the impression the court keeps it in escrow as a mediator, which is exactly what that sounds like.