The choose didn’t rule on Trump’s request for a delay. On Friday he gave Carroll till Monday to file any opposition to the “kind, quantity or surety of the proposed bond” and mentioned he would maintain a listening to the identical day on any dispute.
The bond doc, signed by Trump and his attorneys on March 5, didn’t embrace particulars on how a lot money or different property he could have posted as collateral.
However a latest court docket submitting by Trump in his attraction of the New York civil fraud verdict mentioned he has an array of properties within the state that can be utilized to pay that verdict if his problem fails, together with 40 Wall Avenue, Trump Tower, Trump Nationwide Golf Membership Hudson Valley and Trump Park Avenue.
Trump has requested the appeals court docket to let him publish a bond of $100 million within the civil fraud case, arguing that 110% of the total verdict would harm his funds.
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The 2 verdicts far exceed the roughly $400 million in money Trump has testified he has, elevating questions on how he would cowl the awards whereas he challenges them. He’s additionally searching for to place the civil fraud judgment on maintain, telling an appeals court docket the decision might drive him to promote properties at a loss. He has requested to publish a smaller bond in that case.
Decide Kaplan, who oversaw the Carroll trial, issued a quick order Thursday evening criticizing Trump’s attorneys for taking too lengthy to file their request to delay the decision. The choose was unmoved by Trump’s arguments about potential monetary pressure.
“Mr. Trump’s present scenario is a results of his personal dilatory actions,” the choose mentioned. “He has had since January 26 to arrange his funds with the data that he would possibly must bond this judgment, but he waited till 25 days after the jury verdict” to hunt the keep.
The award, levied by a jury of seven males and two girls, contains $18.3 million in compensation for hurt brought on to Carroll’s popularity plus $65 million in punitive damages to penalize Trump and deter him from participating in any future defamation.
The case is Carroll v. Trump, 20-cv-7311, US District Courtroom, Southern District of New York (Manhattan).
(Credit score: Bloomberg)