Introduction
The former President of the United States, Donald Trump, has filed an appeal in the case of E. Jean Carroll, the author of the award-winning book, “The Art of the Deal.” Carroll was found guilty of defamation and is seeking a retrial for the verdict of $91 million.
Let’s take a look at what’s going on in this highly-publicized case.
Table of Contents
Background
- Jean Carroll, a best-selling author and columnist for The New York Times, accused Donald Trump of sexual harassment in the 1990s.
- Trump strongly denied the accusations and went on record calling Carroll a liar.
- In response to this, Carroll sued Trump for defamation, seeking damages for the damage caused by his comments.
The Verdict
- In a separate case, a New York jury awarded Carroll $82.3 million in damages.
- In the end, the verdict held Trump responsible for tarnishing Carroll’s good name and reputation.
Trump’s Appeal
- On March 8, 2024, the Trump legal team filed a notice of appeal against the defamation conviction.
- The purpose of the appeal is to contest the verdict of the jury and ask for a new trial.
- In order to stop Carroll from collecting the award right away, Trump posted a $91 million bond.
- The bond acts as collateral during the appeal process, so Carroll cannot confiscate Trump’s assets during that time.
Donald Trump Appeals Writer E. Jean Carroll’s $91 Million Defamation Verdict
Unclear Origins of the Bond
- The bond is issued by the Federal Insurance Company, which is a federally insured entity licensed to conduct business in the state of New York.
- How much money or collateral was put down by Trump is not disclosed.
- The bond is worth more than the verdict to match the 9% annual New York interest rate.
Implications
- After the automatic stay of judgment expired, Carroll’s lawyers could have sought to collect the money.
- In a separate case in New York State court, Trump was awarded $464 million in a civil fraud trial.
Conclusion
The trial of Donald Trump vs. E. Jean carroll continues to rivet the nation. As we wait for the appeals process to begin, the outcome is still in the balance.
The $91 million dollar bond is a testament to how high the stakes are in this defamation trial. Keep reading for more updates as this trial continues to unfold.
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