Former President Trump’s bond money ā šwhich totaled just under $100 million ā was accepted šby a federal judge ahead of his appeal.
Trump posted the $92 million bond last week following a ruling that found him liable in his New York defaāmation case in January of this year.
Judge Lewis A. Kaplan approved the bond on Tuesday, which will now serve as a guarantee that the former president will pay out if his appeal does nošøt overturn the verdict.
Trump is appealing the January decisšion to the 2nd U.S. Circuit Court of Appeals in Manhattaź¦n.
He has continued to vehemently deny E. Jean Carroll’s claim that he sexually assaulted her in a department store dressing room in 1996.
A jury found him liable for $83.ā3 million in damages to Carroll for defaming her through previous statements attacking her credibility ā $18.3 million in compensatory damages, and $65 million in puš®nitive damages.
The bond value is higher than the total damages due to a requirement for 110% of the judgmenāt value to be posted during the appeal process.
Federal Insurance Company ā based in Chesapeake, Virginia ā provided the bondā money, according to documents signed by tź¦he former president.
Trump’s lawyers said he made statements about Carroll in an effort to “defend his reputation, protect his family, and defend his Presidency.”
A federalš jury in New York City decidedšØ last year that Trump was not liable for rape but was liable for sexual abuse and defamation.
The former president was ordered to pay $5 million in that trial.