A judge in New York has officially approved Donald Trump’s $91.63 million bond to compensate the writer E. Jean Carroll, whom he sexually abused and defamed.
The former president now has less than a week to finalize the details of the bond with the clerk for the Southern District of New York, as directed by U.S. District Judge Lewis Kaplan.
Donald Trump and E. Jean Carroll (Credits: Law & Crime)
Once completed, the $88.3 million owed to Carroll will be put on hold until Trump’s appeal of the court-ordered judgment is heard by the U.S. Court of Appeals for the Second Circuit.
Trump successfully secured the bond with the assistance of the Chubb Corporation and the Federal Insurance Company. Last week, he formally filed his appeal, a move that was widely anticipated. Trump’s legal team contends that he was unfairly treated and “completely muzzled” during the trial.
Trump (Credits: Fox News)
An attorney representing Carroll was not immediately available for comment on Wednesday. Chubb Corporation confirmed that the bond was “fully collaterized” in a letter sent to its customers on Wednesday, according to Politico.
The letter emphasized that Chubb’s provision of the appeal bond does not signify support for any party involved in the case. Instead, it reaffirmed the company’s commitment to the justice system and its role in facilitating legal proceedings.
