[ad_1]
The bond must be approved by U.S. District Judge Lewis A. Kaplan, who is overseeing the case. If signed by the judge, the bail would prohibit Carroll’s lawyers from collecting money from Trump while the appeals process takes place.
It is unclear from court records what collateral Mr. Trump offered to obtain bond from Mr. Chubb.
By Monday, the former president and Republican candidate likely to challenge President Biden in 2024 had filed a lawsuit against Carroll, who defamed her by accusing her of old sexual assault. It was necessary to guarantee payment of the $ judgment. Trump also filed a notice that he will appeal the ruling against him.
Carroll has sued Trump twice, related to forced sexual contact in the mid-1990s and his derogatory comments about her. President Trump has categorically denied any contact.
Mr. Trump has already submitted more than $5 million in cash to Mr. Carroll in a separate sexual assault and defamation lawsuit. He is also being pursued for securing more than $450 million in bail in a civil business fraud case brought by the New York state attorney general.
The endorsement document establishes an agreement between President Trump and Federal Insurance Company, a direct subsidiary of Chubb, an international insurance giant with global headquarters in Switzerland. The company offers a wide variety of insurance and bonds.
A Chubb spokeswoman declined to comment.
This is a developing story and will be updated.
[ad_2]
Source link
