Trump attorneys post $92 million bond to support jury award to E. Jean Carroll in defamation suit

NEW YORK (AP) — Donald Trump has secured a $91.6 million bond sufficient to cover the money he owes to writer E. Jean Carroll in a defamation lawsuit while he appeals the jury’s verdict, the former president’s lawyer told a court on Friday.

Attorney Alina Habba filed papers with the New York judge to show that Trump had secured the bond from the Federal Insurance Co., a unit of the insurance giant Chubb. The bond would cover the $83.3 million judgement in the lawsuit, plus interest.

Habba simultaneously filed a notice showing Trump, the likely 2024 Republican presidential nominee, is appealing the verdict. The posting of the bond was a necessary step to delay payment of the award until the 2nd U.S. Circuit Court of Appeals can rule on Trump’s legal challenge.

The filings came a day after Judge Lewis A. Kaplan refused to delay a Monday deadline for posting a bond to ensure that Carroll, 80, can collect the judgement if it remains intact following appeals.

Trump faces financial pressure to set aside money to cover both the judgment in the Carroll case and an even bigger one in a lawsuit in which he was found liable for lying about his wealth in financial statements given to banks.

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