Trump secured the bond from the Federal Insurance Company, which is a principal of The Chubb Corporation.
Donald Trump posted a $91.6 million bond to cover the $83.3 million a Manhattan jury awarded to writer E. Jean Carroll in January as he appeals the defamation lawsuit’s verdict, lawyers for Trump told a court Friday. Attorney Alina Habba filed the papers with a New York judge alongside a notice showing that Trump, the likely GOP presidential nominee, is appealing the verdict.
The bond would cover the full judgment plus interest and was necessary to delay payment of the sum until the 2nd U.S. Circuit Court of Appeals, can bring down a decision on the former president’s appeal, the Associated Press reports.
