Former magazine columnist E. Jean Carroll exits a vehicle outside of Manhattan federal court after the conclusion of her second defamation trial against former U.S. president Donald Trump. Meanwhile, Donald Trump is seen leaving his apartment building in New York.
A New York judge has officially granted approval for Donald Trump’s $91.63 million bond to compensate E. Jean Carroll, the writer he sexually assaulted and defamed.
According to U.S. District Judge Lewis Kaplan, the former president has less than a week to finalize the bond with the clerk for the Southern District of New York. Once this is done, the $88.3 million he owes Carroll will be temporarily suspended until his appeal of the court-ordered defeat is reviewed by the U.S. Court of Appeals for the Second Circuit.
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Last week, Trump successfully secured the bond with the assistance of the Chubb Corporation and the Federal Insurance Company. According to Law&Crime, he also officially filed his appeal during the same week.
Trump’s appeal was almost certain. In early March, as part of a series of last-minute filings, his attorneys submitted a motion for a new trial. They contend that Trump was unfairly treated and had been effectively silenced.
Carroll’s attorney did not respond to a request for comment on Wednesday.
Chubb sent a letter to its customers on Wednesday, stating that the bond was fully collateralized, according to a report by Politico.
According to a letter by Chubb, the provision of an appeal bond by the company does not imply any bias towards the parties involved or the merits of the case. As a surety, Chubb does not take sides and does not support the defendant. Instead, Chubb’s involvement is solely to support and be a part of the justice system in this particular case.
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