Donald J. Trump on Friday posted a $91.6 million bond in a defamation case he recently lost to the writer E. Jean Carroll, staving off a potential legal and financial disaster just days before a deadline to secure the deal.
The bond, provided by an outside insurance company, will prevent Ms. Carroll from collecting the judgment while Mr. Trump appeals.
A federal jury awarded Ms. Carroll $83.3 million in January, and Mr. Trump recently asked that the judgment be paused.
The judge presiding over the case, Lewis A. Kaplan, denied Mr. Trump’s request for a preliminary reprieve, putting pressure on Mr. Trump to either come up with the money himself or secure the bond.
With a Monday deadline looming, Mr. Trump posted the bond, which is higher than the $83.3 million judgment because the former president is also responsible for interest.
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Donald J, Trump, Jean Carroll, staving, Carroll, Lewis A, Kaplan, Trump’s