Trump posts nearly $92 million bond in E. Jean Carroll defamation case
Former President Donald Trump has posted a $91.63 million bond as he appeals the judgment against him in the E. Jean Carroll defamation case.
The notice of Trump’s bond and appeal was made with the federal court in New York on Friday.
In January, a federal jury awarded Carroll $83.3 million in damages as a result of Trump’s defamatory statements denying he raped her, saying she wasn’t his type, and accusing her of making up the allegation to boost sales of her book. Carroll will not collect the award during the appeal.
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.
The bond size is greater than the judgment because the district court generally requires a party to post 110% of the bond.
In a statement, a Chubb spokesperson declined to comment on the specifics of Trump’s bond.
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