Former President Donald Trump is facing two significant legal judgments, with one of them requiring him to pay a substantial amount of money. Trump has taken action by appealing both judgments while also posting a bond of $91.6 million. This bond was necessary for him to appeal the defamation judgment of $83.3 million in the case involving E. Jean Carroll, with the additional amount covering interest.
There were concerns about whether Trump would be able to meet the deadline to post the bond, but he managed to do so in time. The bond was underwritten by the well-known global insurance company Chubb, providing assurance that the required amount was secured.
Trump signed the bond on Tuesday while simultaneously requesting more time from the judge in the case. He sought confirmation from Carroll's team regarding their acceptance of the bond, setting a deadline for their response by Monday morning to address any objections before reconvening in court on Monday afternoon.
Looking ahead, Trump faces another looming deadline of $454 million for the New York civil fraud trial scheduled for March 25. With only a few weeks left to gather the required funds, the focus shifts to whether he can secure a bond for this substantial amount as well.
Trump had initially proposed putting up $100 million to appeal the case, but this was rejected by an appellate court judge. However, an appellate court panel is reviewing the matter and will determine whether Trump will be granted an extension to delay posting the bond while the appeal process unfolds. A decision is expected later this month, coinciding with the impending deadlines and the commencement of Trump's criminal trial in New York related to hush money payments.
