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Judge Denies Trump’s Request for Stay of $83.3 Million Judgment
Judge Lewis Kaplan has recently denied Donald Trump’s request for a stay of the $83.3 million judgment against him for defaming E. Jean Carroll. Trump now faces the decision to either pay the hefty judgment amount or post a bond to appeal the defamation verdict.
This ruling by Judge Kaplan leaves Trump with limited options, as it appears that he may not have the necessary funds to post the bond for the appeal. Carroll has expressed her intent to collect the money owed to her without delay.
Trump’s Financial Dilemma
In practical terms, Trump is required to come up with over $91 million to proceed with either appealing the judgment or settling the debt with Carroll. However, Trump’s wealth is predominantly tied up in assets that have existing mortgages, restricting his ability to liquidate them for the bond amount.
Despite filing a plea for leniency and a stay of the judgment, Trump’s lawyer’s efforts were unsuccessful as Judge Kaplan denied the request. Consequently, Trump now faces the imminent need to resolve the financial obligations resulting from the defamation case.
E. Jean Carroll and her legal team stand ready to initiate the process of collecting the judgment sum from Trump, signaling increasing financial pressure on the former president. Trump’s financial distress underscores the challenges he faces in managing his monetary obligations.
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