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this post was submitted on 31 Jan 2024
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politics
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This is the best summary I could come up with:
A federal jury sitting in Manhattan found that Trump defamed Carroll in 2019 by calling her a liar after she told the world he'd sexually assaulted her.
Once all post-verdict squabbles are settled, the final legal domino is expected to fall, triggering a payment clock to start ticking.
A source familiar with the case, speaking on condition of anonymity because they were not authorized to do so publicly, told Business Insider that Trump's $5.5 million was still there, pending the outcome of his appeal of that first verdict.
A surety company could make Trump provide an extra 10 percent of collateral, and would require he pay a bond premium of anywhere from $250,000 to $1 million.
Such a large bond could probably be handled only by one of the surety giants — such as Travelers Insurance, Liberty Mutual, Chubb, or JP Morgan Chase, said the expert, whose employer doesn't allow press statements.
Among the penalties the attorney general is hoping for in the upcoming verdict are a payment of $370 million and a five-year ban on Trump applying for loans from any New York-registered financial institution.
The original article contains 767 words, the summary contains 186 words. Saved 76%. I'm a bot and I'm open source!