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.
Misleading clickbaitish title
TLDR: If he wants to appeal, he still has to pay $83,300,000 (+ 120% = $99,960,000) cash to an escrow account.
Exactly, he still has to put the money up/loses access to it until the appeals are over. Nobody’s giving this man a bond, lol
That bastard could crowd source it in about 35 minutes if he needed to.
Putin might.
What’s the extra 20% for? Will Carroll be paid interest while the damages are in escrow, or does the court want additional money set aside should they award Carroll legal fees after the appeal?
Judgements accrue interest from the day they are awarded; the extra 20% is to account for all the interest the original judgement will accrue during the appeal, should he lose.
The requested bond is generally an amount greater than the judgment sum—CPLR 5519 requires that post-judgment interest and cost are included in the amount. New York State has a 9% statutory interest running on any judgment entered. In New York State, we set the bond amount at 120% of the judgment.
The times article, which the Hill article is just rephrasing:
https://www.nytimes.com/2024/01/26/nyregion/trump-carroll-pay-83-million.html?smid=url-share
I realize there maybe a pay wall for some, but I didn’t have an issue.
The Hill article also misleads by saying that he won’t have to pay. They mean that Carroll may not get paid until the appeals are finished. However, Trump will have to pay a deposit to the court or secure a bond while appeals are pending, so he will have to pay someone for now, but that might not be Carroll yet.
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Trump already paid the $5 million he owed from the first defamation lawsuit.
He can get away with stiffing contractors, but courts have ways to get what they are owed. If he doesn’t pay within 30 days, Carroll can literally start withdrawing money from his bank accounts.
Doesn’t he have to put the whole 85m in a bond deposited with the court as a requirement to begin the appeal process?
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This is not true. He has to pay before he appeals. It won’t be relinquished until an appeal is settled though.
“Trump will delay paying indefinitely, aka not at all, as he has been notorious for doing over the last five decades or more”
FTFY 🤌🏼
Fucking what
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
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.
He claims to be liquid ataround 400 million
If anyone actually believes him…
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.
rules don’t apply to the rich*
I am getting real tired of this sociopathic clown getting away with things. When are we gonna have him out of our lives?
In this instance this is actually how appeals work.
The article tries to mislead people, but in reality it means Caroll won’t get money until he exhausts all appeals. He still needs to deposit that money to the court.
Yes, they try to justify the title by saying later that he can get a loan (bond) for that deposit and that way avoid paying it, but that’s always an option if somebody else is willing to risk their money for him.
Can he say that he will appeal, but do nothing, and just hang out in limbo? If you don’t actually do the appeal then you don’t have to put the money in escrow and you haven’t actually exhausted your appeals. Running out the clock is a pretty standard Trump move.
You don’t just get to sit around forever and wait to make an appeal. You have a window to give the court and other parties notice that you’re appealing and then that opens another window in which you must initiate the appeal. We’re talking somewhere on the order of a couple months.
Thanks to AI, never. After he dies, trolls will create a digital version to torture us for eternity.
This is absolutely standard, due process. Say what you will, he is entitled to an appeal.
The way the title is written it sounds like he doesn’t have to post to a bond/escrow while doing his appeals. He is following absolutely standard due process, but the article writers are doing a great job stirring the pot to get clicks.
Sure he is, after he places $99m into escrow, not before.
This is hopefully going to get interesting. I don’t think he can actually put that much together to appeal it.
I don’t think he can actually put that much together to appeal it.
Especially not since Habba kept saying “no objection” to all of the evidence the prosecution put in.
She just kept saying “Yup! That’s totally acceptable and we’ll agree it should be considered!”
If he sees a way of doing that he will for sure.
Like all penalties?
Is this different somehow from other cases?
Don’t they always have to pay after the case is concluded, including exhausting all appeals?
