SUMMARY
- Former President Trump has posted a $5.6 million security deposit while appealing a civil verdict related to sexual assault and defamation charges.
- Trump's appeal could result in a full recovery of the deposited funds or a substantial payout to the plaintiff, E. Jean Carroll.
- Trump's legal team maintains that the former president did not seek a third-party appeal bond due to financial prudence, contradicting speculations made by critic attorney George Conway.
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Former President Donald Trump has staked a considerable $5.6 million as collateral, a move in response to a civil ruling that claims he sexually assaulted the author E. Jean Carroll in the '90s and later maligned her reputation, as per a recent court document.
Should Trump lose the appeal, the awarded $5 million or an adjusted amount will go to Carroll, as agreed by both parties' legal representatives. If, however, Trump emerges victorious in the appeal, he will reclaim his sizable security deposit, "with any interest earned on such funds" while the court maintained control of the account.
Should the case land back in the U.S. District Court in Manhattan due to the intervention of the appeals court or the Supreme Court, the funds will stay put until a final and irrefutable judgment is given to Carroll.
The arrangement received approval from Judge Lewis Kaplan. Attorney George Conway, known for his harsh criticism of Trump, speculated that Trump couldn't secure an appeal bond, suggesting that no third party wanted to be left chasing after the collateral if Trump were to lose his appeal. But Trump's lawyer Joseph Tacopina dismissed this notion, arguing that Trump simply didn't want to squander money on securing a bond, considering he had cash at hand.
Carroll's lawsuit accused Trump of sexually assaulting her in a Bergdorf Goodman dressing room in the mid-90s, and later defaming her with statements made in denial of the allegations. Trump, found liable for sexual abuse but not for rape by the jury, is seeking to overturn the verdict.
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