Donald Trump has secured a $91.6 million bond sufficient to cover the money he owes to writer E. Jean Carroll in a defamation lawsuit while he appeals the jury's verdict, the former president’s lawyer told a court on Friday. Attorney Alina Habba filed papers with the New York judge to show that Trump had secured the bond from the Federal Insurance Co., a unit of the insurance giant Chubb. The bond would cover the $83.3 million judgement in the lawsuit, plus interest.
He now has until March 25 to either pay up or buy a bond covering the full amount. In the meantime, interest on the judgment continues to mount, adding roughly $112,000 each day. Trump’s lawyers have asked for that judgment to be stayed on appeal, warning he might need to sell some properties to cover the penalty. A civil jury in New York last May found that Trump had sexually abused Carroll in 1996 in the dressing room of a luxury department store in Manhattan.