Trump must set aside $5.55 million dollars for E. Jean Carroll while he appeals her successful defamation verdict.
On Friday, he made the unusual move of asking the court to hold the money as cash, rather than as a bond.
Surety experts say the move saves Trump the price of a bond premium: just $55,000.
Trump attorney Joe Tacopina filed the request Friday with US District Court Judge Lewis Kaplan, who presided over the defamation and sexual assault trial.
That amount could be nothing if Trump wins an outright reversal of the judgment, or less than $5 million if an appeals court reduces the judgment.
Persons:
Trump, Jean Carroll, —, Donald Trump, E, It's, Mike Lapre, Lapre, Joe Tacopina, Lewis Kaplan, Tacopina, Carroll, Roberta Kaplan, Trump's, Ira Judelson, Judelson, Dominique Strauss, Kahn, Plaxico Burress, Conor McGregor, nix, he's
Organizations:
Trump, Service, NFP, NFL
Locations:
Manhattan, York City