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Judge approves Trump's $91.6 million bond in E. Jean Carroll defamation case

If Trump's appeal is unsuccessful, the bond ensures that Carroll will be paid.

By Aaron Katersky and Peter Charalambous
March 12, 2024, 6:21 PM

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The former president had obtained an appeals bond from the Virginia-based Federal Insurance Company totaling $91,630,000 to cover the $83 million judgment in the case plus interest, according to a court filing on Friday. The conditions of the bond did not specify what assets Trump used to secure the bond.

Trump on Friday also filed a notice of appeal of the judgment to the U.S. Court of Appeals for the Second Circuit. Either paying the judgment or posting a bond for the judgment's full amount was required for him to move ahead with the appeal. Trump attorney Alina Habba told ABC News on Friday they're confident their appeal will result in the judgment being overturned.

By posting a bond, Trump guaranteed that Carroll could collect the judgment if the former president exhausts his appeal, former federal prosecutor Josh Naftalis had told ABC News.

The appeal process could take more than a year, Naftalis said. Trump is still appealing the $5 million judgment a jury awarded to Carroll last May after determining the former president had sexually abused her.

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