Trump Deposts $91 Million Bond to Appeal E. Jean Carroll Defamation Verdict

On Friday, March 8th, former President Donald Trump deposited a bond of over $91 million to appeal a verdict that had awarded more than $83 million to E. Jean Carroll, a writer who accused him of sexual abuse and defamation. The bond payment is equal to 110% of the judgment against him, required to appeal the ruling.

Legal Action and Financial Impact

The appeal comes after a Jan. 26 decision, the second in less than a year, in trials involving Carroll. In a separate federal jury trial in May 2023, Trump was found liable for sexual abuse and defamation, and ordered to pay an additional $5 million in damages to Carroll. Moreover, a New York judge recently ruled for Trump to pay more than $450 million for fraud. These rulings have led to severe financial turmoil for the former president.

Court Announcement and Reaction

Trump's attorneys notified the federal court in Manhattan about the bond payment and the appeal to the U.S. Court of Appeals for the 2nd Circuit. This move marks the latest development in a series of legal battles faced by Trump. The decisions have brought significant legal and financial challenges for the former candidate for president.

Impact on Trump's Finances

The combined judgments from the trials have resulted in a substantial financial impact on Trump, as he faces the need to provide significant sums in appeals and damages. The legal battles and their associated costs have put additional pressure on Trump's financial situation.

In summary, the legal proceedings against Donald Trump over defamation and abuse allegations have resulted in significant financial and legal challenges, with the former president being required to deposit a substantial bond to appeal the recent verdict in favor of E. Jean Carroll.