Fogbow

chancery wrote: ↑Tue Mar 05, 2024 3:28 pm Bad legal takes from the Newsweek article:

In the state of New York,* as previously reported by Newsweek, an individual must pay a court a cash bond that amounts to 110 percent of the judgment to appeal the ruling of a civil case. That means that Trump has until March 9 to pay more than $91 million if he wants to challenge the defamation penalty.**

_________
* This is a federal case, although the requierement of a 110 percent bond appears to be similar in both NYS courts and in SDNY.

** if he wants to prevent execution on the judgment from starting. Has nothing to do with his ability to appeal, the deadline for which won't in any case be until resolution of Trump's post-trial motions. Also, "penalty" is usually used to refer to criminal liabilities. This is a civil liability, including the punitive damages award.

Reality Check wrote: ↑Tue Mar 05, 2024 4:29 pm Umm wouldn't a prudent attorney...

northland10 wrote: ↑Tue Mar 05, 2024 6:41 pm

Reality Check wrote: ↑Tue Mar 05, 2024 4:29 pm Umm wouldn't a prudent attorney...

A prudent attorney wouldn't be working for the toddler turnip.

On February 23, 2024, President Trump filed his motion and memorandum seeking to stay the execution of the judgment in this case pending the Court’s disposition of his post-trial motions. ECF Nos. 286, 287. Because the judgment becomes final on Monday, March 11, 2024, and time will be needed to finalize bond arrangements if the motion is denied, President Trump respectfully requested that the Court issue a ruling on his stay motion by March 4, 2024. ECF No. 287, at 16. In the alternative, if the Court were not to rule by March 4, President Trump requested that the Court “enter a temporary administrative stay of execution of the judgment pending its ruling on this motion.” Id.



On March 4, 2024, this Court entered an order indicating that its ruling would not issue yet but “will be rendered as promptly as is reasonably possible.” ECF No. 307. Requiring President Trump to post a bond or other security before this Court’s ruling on his stay motion threatens to impose irreparable injury in the form of substantial costs (which may or may not be recoverable). According, President Trump respectfully requests that, to the extent that his stay motion remains under the Court’s consideration through tomorrow, the Court enter a temporary administrative stay of execution until three business days after the Court rules on his stay motion. See Tereshchenko, 2024 WL 195547, at *1 (granting a three-day administrative stay).

pipistrelle wrote: ↑Wed Mar 06, 2024 8:03 pm I'm waiting for Musk's billions to save him.

chancery wrote: ↑Wed Mar 06, 2024 6:19 pm A bond is better, and in fact it wouldn't surprise me if Carroll's lawyers extended some courtesies to Trump's lawyers, if they were persuaded that Trump was actually making good faith efforts to put a bond in place.

Rolodex wrote: ↑Wed Mar 06, 2024 7:24 pm And I don't know that he's had to do this before. When he settled Trump University, a pal paid the $25 million settlement. No cash out of hand for him.

Raffi Melkonian
@RMFifthCircuit
Honestly, Habba is probably just wrong about what will happen if Trump doesn't post a bond before the federal 30-day automatic stay runs out and before Kaplan rules. Most of the time nothing at all happens. It takes a little while for the enforcement engine to get moving.

John Q A
@JohnQAdams11

In theory, you might be right. But I assume Robbie Kaplan is geared up to cause Trump as much pain as possible as quickly as possible. She probably has writs of execution ready to be signed and then served on the defendants' banks, etc.

Raffi Melkonian
@RMFifthCircuit

She probably is, but I guess I'm influenced by the idea that there's no way Judge Kaplan is going to grant the stay anyway.

John Q A
@JohnQAdams11

I would be shocked if he granted it.

@PhilipTKingston

I don't know. I've done collection work for many years, and practitioners in that field do not let grass grow when there's a solvent debtor

Solvent Debtor