Mar 8, 2024,10:57am EST
Former President Donald Trump met a significant legal obligation on Friday by posting a $91.6 million bond after losing the defamation case filed against him by writer E. Jean Carroll. Additionally, Trump initiated an appeal against the eight-figure judgment. However, despite meeting the Monday deadline to fulfill the judgment, Trump still faces substantial financial liabilities, including hundreds of millions owed in a separate civil fraud case.
Here are the key facts surrounding this development:
Trump’s legal team informed the court on Friday that he had secured the bond, which serves as a guarantee for paying the $83.3 million verdict in the case, along with accrued interest.
The court filing, while confirming the bond posting, does not detail how Trump obtained the bond. It also requests the court to prevent the judgment from being enforced while the appeal process is underway.
Trump had until Monday to fulfill the financial obligation stemming from the judgment against him. This deadline followed a 30-day period from the Feb. 8 judgment during which he could either pay the amount in cash or post an appeals bond.
Notably, Trump is required to pay the judgment even as he pursues an appeal. However, if he succeeds in overturning the verdict in the appeals court, he may be entitled to a refund of the amount paid.
Trump’s request to suspend the judgment during the filing of post-trial motions remains pending, with the court yet to issue a ruling. However, a separate request by Trump to delay the judgment for three days after considering the pause request was rejected by U.S. District Judge Lewis Kaplan on Thursday.
Regarding Trump’s financial standing:
- Forbes estimates Trump’s cash and liquid assets at $413 million, forming part of an estimated net worth of $2.6 billion. However, it remains uncertain whether Trump utilized cash or real estate properties as collateral to secure the bond.
As this story continues to develop, further updates will be provided.