WTF?Donald Trump argued that he is so wealthy he should not have to pay a bond to appeal the defamation ruling against writer E. Jean Carroll, as the amount required is not a deterrent for him.
MSN
Apparently, as cited in Carroll's response, there's a case controlling these things in which a factor is "whether the defendant's ability to pay is 'so plain that the cost of a bond would be a waste of money'." Seems a little ridiculous to me. But, I guess that's what Trump's lawyers were trying to rely on and ask the court to simply trust him when he says he's rich.In New York, a person must pay a court a cash bond that amounts to 110 percent of the judgment to appeal the ruling of a civil case, meaning the former president would have to pay more than $91 million to challenge the defamation penalty. The court entered its final judgment on February 8, so Trump has until March 9 to pay Carroll or post the cash bond.
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"Having argued to the jury that President Trump has great financial resources, Plaintiff is in no position to contradict herself now and contend that she requires the protection of a bond during the brief period while post-trial motions are pending," the motion states.
Which began like this:"This fact nullifies risk to the judgment creditor and weighs heavily in favor of an unsecured stay," the motion continues.
[Judge Lewis] Kaplan denied the request for a stay, "much less an unsecured stay," while requesting a written response from Carroll's lawyers.
I'm surprised they didn't wait until day 30[Kaplan] also noted that Trump's team waited until day 25 of the 30-day time limit before requesting a stay of enforcement of the defamation judgment.
Which is it? He's so rich there's no need to worry about him paying the judgment, or he's too poor to pay such a large amount?The motion from Trump's lawyers suggested that the former president be allowed to post a lower bond based on a future judgment following their appeal.
Well, then he'd just get back the difference from the bonding agent."There is a strong probability that the disposition of post-trial motions will substantially reduce, if not eliminate, the amount of the judgment," Trump's lawyers wrote.
LOL.The legal team suggested that the court project a reduction of the total judgment to $22.25 million so that Trump could post a bond of $24.475 million, which his lawyers said "would be appropriate."
Trump has a deadline of March 2 to reply. Don't expect it before then.
...but hey, do what you want...you will anyway.