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Trump’s $83.3 Million Payment Due in One Week in E. Jean Carroll Case

Former President Donald Trump faces a looming deadline in his legal battle with writer E. Jean Carroll, with just one week remaining to settle an $83.3 million verdict in her defamation lawsuit.

Carroll, who accused Trump of sexual assault, expressed serious concerns about his ability to meet the financial obligation.

Case Facts

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A jury ordered Trump to pay $83.3 million to Carroll for defamation, based on his attacks against her after she accused him of sexual assault.

Trump’s Payment Date March 9th

Credits: DepositPhotos – BRUSSELS, BELGIUM – JULY 12TH, 2018: Press conference of Donald Trump, President of United States of America, during NATO (North Atlantic Treaty Organization) SUMMIT 2018 — Photo by gints.ivuskans

The formal court judgment was entered on Feb. 8, making Trump’s payment due by March 9.

Trump intends to appeal the judgment but must either pay the money into a court-controlled account or post an appeals bond guaranteeing his ability to pay.

Court Proceedings

Credits: Depositphotos – 21 February 2016: Republican Presidential candidate Donald Trump speaks to several thousand supporters at a rally in Atlanta, Georgia. — Photo by actionsports

Trump’s request to pause the judgment against him while filing post-trial motions has been swiftly rejected by the court.

Strong Concerns

Credits: Depositphotos – 21 February 2016: Republican Presidential candidate Donald Trump speaks to several thousand supporters at a rally in Atlanta, Georgia. — Photo by actionsports

Carroll’s attorneys argue against Trump’s request, expressing “very strong concerns” about his cash position and feasibility to pay what he owes.

The court has given Trump until 5 p.m. Saturday to respond to Carroll’s filing, with a ruling expected soon after.

Arguments from Both Sides

Credit: DepositPhotos – October 4th 2023 – The fraud trial of Donald Trump at 60 Center Street, New York City, USA. — Photo by thenews2.com

Carroll’s attorneys criticize Trump’s request, stating it asks the court to “trust me” without adequate assurance of payment.

Trump’s Legal Team Allays Concerns

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Trump’s legal team contends there is no risk of him not paying, citing his purported financial resources.

Trump’s net worth is estimated at $2.6 billion by Forbes, but his available cash falls short of covering his legal fines.

Potential Payment Methods

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Trump may need to explore options such as borrowing against his assets or seeking financial assistance to cover the fines.

Despite lacking immediate liquidity, Trump has various avenues to fulfill the payment, including the sale of real estate assets or seeking loans.

Background of the Lawsuit

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Carroll sued Trump in 2019 after publicly accusing him of sexual assault, leading to a defamation lawsuit against the former president.

Trump’s reaction to Carroll’s allegations resulted in a lengthy legal battle, culminating in an $83.3 million verdict against him.

Other Financial Woes

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The judgment in Carroll’s case adds to Trump’s legal woes, including a $454 million civil fraud case against him and his company.

Mounting Pressure on Trump

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As the deadline approaches, Trump faces mounting pressure to settle the substantial verdict in Carroll’s defamation lawsuit.

The outcome of this legal showdown will have significant implications for both parties involved.

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Malik is a skilled writer with a passion for news and current events. With their keen eye for detail, they provide insightful perspectives on the latest happenings. Stay informed and engaged!