Federal judge rejects Trump request for new trial in E. Jean Carroll suit, says he must pay $83.3 million
Thursday, 25 April 2024 () A federal judge in New York rejected former President Trump's appeal to pay E. Jean Carroll $83.3 million after a jury decided he must pay damages after he denied allegations he raped her in the 1990s, and denied his request for a new trial.
Daily Reporter is live from a New York courthouse as David Pecker, a longtime tabloid publisher, is expected to tell jurors about his efforts to help Donald Trump stifle unflattering stories during the 2016 campaign as testimony resumes in the historic hush money trial of the former president.
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Trump Can’t Obtain Appeal Bond , in New York Fraud Case.
According to a New York court filing
on March 18, Trump isn't able to secure a
$454 million bond as he appeals a civil business
fraud judgement against him, CNBC reports. .
Trump's attorneys said that getting the bond is "impossible" since it would "effectively" require "cash reserves approaching $1 billion.".
Defendants’ ongoing diligent
efforts have proven that a bond
in the judgment’s full amount
is ‘a practical impossibility.’, Donald Trump's lawyers, via CNBC.
Gary Giulietti, president of the
Northeast division of the Lockton Companies, was hired to help Trump obtain a bond.
Despite scouring the market, we have
been unsuccessful in our effort ... for the
simple reason that obtaining an appeal bond
for $464 million is a practical impossibility
under the circumstances presented, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Simply put, a bond of this
size is rarely, if ever, seen, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
In the unusual circumstance that a bond of
this size is issued, it is provided to the largest
public companies in the world, not to
individuals or privately held businesses, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Giulietti went on to say that a private company would need about $1 billion to put up as collateral to receive a bond of that size. .
While it is my understanding that
the Trump Organization is in a strong
liquidity position, it does not have
$1 billion in cash or cash equivalents, Gary Giulietti, president of the Northeast
division of the Lockton Companies, via CNBC.
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll. .
Meanwhile, Trump secured a $91.6 million bond earlier this month as part of a separate case
brought against him by writer E. Jean Carroll.
Credit: Wibbitz Top Stories Duration: 01:31Published
Judge Denies Trump’s Request , to Delay Payment to E. Jean Carroll.
On Jan. 26, Judge Lewis A. Kaplan
ordered Donald Trump to pay writer E. Jean Carroll $83.3 million for ruining her credibility by calling
her a liar after she accused him of sexual assault.
On Jan. 26, Judge Lewis A. Kaplan
ordered Donald Trump to pay writer E. Jean Carroll $83.3 million for ruining her credibility by calling
her a liar after she accused him of sexual assault.
The judgement, which included a $65 million
punitive award, was challenged by Trump's lawyers who claim there is a "strong probability" that
the amount will be decreased or eliminated.
On March 7, Kaplan said that he won't postpone deadlines for posting a bond that
would guarantee payment to Carroll if the
judgement stands after appeals, NPR reports. .
On March 7, Kaplan said that he won't postpone deadlines for posting a bond that
would guarantee payment to Carroll if the
judgement stands after appeals, NPR reports. .
The judge went on to say that any financial harm Trump incurs is a result of his slow response to the verdict made in January.
Trump's lawyers didn't seek to
delay the date in which the bond must
be posted until 25 day later, Kaplan said. .
Mr. Trump's current situation is a
result of his own dilatory actions, Judge Lewis A. Kaplan, via written order.
Nor has Mr. Trump made any showing
of what expenses he might incur if
required to post a bond or other
security, on what terms (if any) he
could obtain a conventional bond, , Judge Lewis A. Kaplan, via written order.
... or post cash or other assets to
secure payment of the judgment,
or any other circumstances
relevant to the situation, Judge Lewis A. Kaplan, via written order.
The judgement will be final on March 11. .
Meanwhile, Trump has also been ordered
by Judge Arthur Engoron to pay
$355 million in penalties for civil fraud
Credit: Wibbitz Top Stories Duration: 01:30Published
Donald Trump's legal team seeks a new trial in the defamation case brought by E. Jean Carroll, just before his informal anointment as the Republican party's presidential candidate. They argue the awarded $83 million is excessive, citing erroneous jury instructions and excluded evidence. This legal challenge adds to Trump's broader legal woes, including recent judgments and impending legal action related to Stormy Daniels.
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