NYT: Trump Can Seek $83M Bond Pending Appeal

The New York Times reports:

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.

Mr. Trump has tapped his political action committee’s coffers to pay for his own legal fees and other expenses stemming from his criminal indictments and civil trials. Yet $83.3 million eclipses the amount in his political accounts. The verdict on Friday will require Mr. Trump to reach into his own pocket.

Read the full article. An expert quoted by the Times calls Trump the “rare defendant” who can actually pay a judgment of this size, making it unlikely that the amount would be reduced on appeal

A Manhattan jury on Friday ordered Donald Trump to pay $83.3 million to the writer E. Jean Carroll for defaming her ever since she first accused him of rape. Trump was found liable last year of sexually abusing her in the mid-1990s. https://t.co/wWvSwafY26 pic.twitter.com/lbBgPRzNP4

— The New York Times (@nytimes) January 26, 2024