Trump Secures $91.6 Million Bond to Appeal Carroll Defamation Verdict
Former President Donald Trump has arranged a bond to delay payment in the defamation case against him by E. Jean Carroll, amid financial challenges and other legal battles.
- Donald Trump secured a $91.6 million bond through Chubb Ltd.’s Federal Insurance Co. to appeal the $83.3 million defamation verdict by E. Jean Carroll.
- The bond arrangement comes as Trump faces a cash crunch, with over $400 million in verdicts against him, including a separate $454 million civil fraud case.
- Trump's legal team is confident in overturning the defamation judgment on appeal, citing potential reduction due to Carroll's increased fame post-accusations.
- The bond was arranged amid last-minute legal maneuvers, with Trump facing a deadline to post the bond or pay the verdict to avoid asset seizure.
- Trump's financial strain is highlighted by the need to potentially sell properties or secure further loans to cover the mounting legal judgments against him.
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