Judge denies Trump’s request for stay in defamation case

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Judge Kaplan Denies Trump’s Request for Stay on $83.3 Million Defamation Judgment

Judge Lewis Kaplan has recently denied a request by former President Donald Trump for a stay on the $83.3 million judgment against him for defaming E. Jean Carroll.

Judge Kaplan outlined in his ruling that Trump must either post the bond for the defamation verdict or pay E. Jean Carroll.

Unfortunately for Trump, he seems to be out of options, with limited cash available to post the necessary bond for appeal on both the New York fraud judgment and the E. Jean Carroll judgment.

Carroll’s intention to collect the awarded amount has put pressure on Trump’s financial situation. On Wednesday, Trump’s lawyer, Alina Habba, implored for the judgment to be stayed, but Judge Kaplan rejected this request.

The reality is that Trump’s financial predicament leaves him with two choices: raise over $91 million to post the bond for appeal, or directly settle with Carroll. The latter seems more likely as Carroll and her legal team are prepared to start the collection process.

Trump’s assets, predominantly tied to real estate, are encumbered with mortgages, limiting his ability to use them as collateral for the needed bond. His lack of liquidity exacerbates his financial woes, with no apparent lifeline in sight.

In essence, the denial of Trump’s request for a stay signals a challenging road ahead for the former president, as he grapples with the implications of the defamation judgment and the financial obligations it entails.

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