Former President Trump can delay paying E. Jean Carroll the $83.3 million a jury decided he owes her until after he exhausts all appeal options he has vowed to seek, The New York Times reports.
On Friday, a federal jury in New York ordered Trump to pay Carroll for defaming her in 2019 when he denied her accusation that he sexually assaulted her in the 1990s.
After the decision, he announced he would be appealing the “absolutely ridiculous” ruling.
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Trump also could attempt to secure a bond, which saves him from having to pay her the full amount up front, the Times report noted. He may have to pay a deposit and offer collateral that would come with interest and fees — but it also means he would have to find someone willing to lend him the significant sum of money.
What’s the extra 20% for? Will Carroll be paid interest while the damages are in escrow, or does the court want additional money set aside should they award Carroll legal fees after the appeal?
Judgements accrue interest from the day they are awarded; the extra 20% is to account for all the interest the original judgement will accrue during the appeal, should he lose.
The requested bond is generally an amount greater than the judgment sum—CPLR 5519 requires that post-judgment interest and cost are included in the amount. New York State has a 9% statutory interest running on any judgment entered. In New York State, we set the bond amount at 120% of the judgment.