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Bond Posting

All articles tagged with #bond posting

politics1 year ago

"Unveiling the Mystery: The Billionaire Behind Trump's $175 Million Bond"

Former President Donald Trump's lawyers initially deemed it a "practical impossibility" to post a $557 million bond in his civil fraud case, but negotiations with a billionaire resulted in a reduced bond of $175 million, fully collateralized by cash from Trump's company. This prevents the New York Attorney General from collecting on the $464 million judgment while the appeals process plays out. The bond posting was necessary to pause the judgment, as failure to do so could have led to disastrous consequences for Trump's company.

via NBC News|
#appeals-court#bond-posting#civil-fraud-case
politics1 year ago

"Trump Mocked as He Posts $91.6 Million Bond in E. Jean Carroll Defamation Case"

E. Jean Carroll mocked Donald Trump after he posted a $91.6 million bond to cover the defamation verdict against him, stemming from her sexual assault allegations. Trump's request to delay the $83.3 million payment was denied, and the bond posting means Carroll cannot collect while the appeals process is ongoing. Trump's spokesman called the judgment "baseless" and part of a Democratic "witch hunt," as Trump prepares to face Joe Biden in the 2024 presidential election.

via Newsweek|
#bond-posting#defamation-trial#donald-trump
legalpolitics1 year ago

"Trump's $91.6M Bond Payment in E. Jean Carroll Defamation Case Raises Eyebrows"

Donald Trump posted a $91.6 million bond to cover the defamation verdict in favor of writer E. Jean Carroll and began his appeal of the case. The bond from Federal Insurance Co would cover Carroll's $83.3 million judgment if Trump were to lose his appeal and refuse to pay. The appeal stemmed from a Manhattan jury's conclusion that Trump had defamed Carroll by denying that he raped her in the mid-1990s. Trump faces a March 11 deadline to obtain the bond or set aside cash for the judgment after the trial judge refused his bid for a temporary reprieve.

via Reuters|
#appeal#bond-posting#defamation-verdict
legalpolitics1 year ago

E. Jean Carroll's Lawyers Challenge Trump's Bid to Delay $83.3M Payment

Former President Donald Trump criticizes E. Jean Carroll's objection to his request to delay posting bond, arguing that her position is inconsistent given her previous claim of his wealth. Trump's lawyers seek a 30-day delay to post bond or cover the $83.3 million defamation trial verdict, while also challenging the size of the damages award. Trump's financial situation has become more complex, with a $454 million judgment against him in a civil fraud case, and his request for a stay on the bond timing being denied by an appellate judge.

via CNN|
#bond-posting#defamation-trial#donald-trump