Judge Lewis A. Kaplan approved former President Trump’s $92 million bond in the second E. Jean Carroll defamation case. In January, a New York jury found the former President guilty of defaming Carroll. He was subsequently ordered to pay an $83 million civil judgment.
Last week, Trump moved to appeal the ruling and submitted the $92 million bond as required under New York law. The bond will now serve as security, ensuring Trump will fulfill the payment obligations if his appeal fails. The 2nd U.S. Circuit Court of Appeals in Manhattan will hear the appeal.
The disparity between Trump’s $92 million bond and Carroll’s awarded damages stems from the requirement for an appeal bond to equal 110% of the judgment value. The bond money was garnered from The Federal Insurance Company based in Chesapeake, Virginia.
The former President’s legal defense iterated that his statements about Carroll were formulated to preserve his reputation, protect his family, and uphold his Presidency. Trump has continued to deny the sexual assault allegations made by Carroll.
In a separate proceeding last year, a federal jury in New York ruled Trump liable for sexual abuse and defamation, though not for rape, leading to a $5 million payment imposed on Trump.



