by Curt_Anderson on January 26, 2024 9:27 pm
"I understand that in that case the defendant is still obligated to come up with the money, the court holds on to it, pending the decision of the appeal court." --Me, Curt
According to the NY Times:
[While Trump] is waiting for an appellate court to rule, Mr. Trump need not cut Ms. Carroll a check.
Yet the former president is still on the hook to pay something — possibly a sizable sum — while he waits.
Mr. Trump can pay the $83.3 million to the court, which will hold the money while the appeal is pending. This is what he did last year when a jury ordered him to pay Ms. Carroll $5.5 million in a related case.
Or, Mr. Trump can try to secure a bond, which will save him from having to pay the full amount up front.
A bond might require him to pay a deposit and offer collateral, and would come with interest and fees. It would also require Mr. Trump to find a financial institution willing to lend him a large sum of money at a time when he is in significant legal jeopardy.
nytimes.com
by Indy! on January 26, 2024 9:35 pm
Might have to get elected quite a few times...