this post was submitted on 28 Jan 2024
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[–] rigatti@lemmy.world 5 points 9 months ago (3 children)

What do you think is the timing on it? Can he delay forever like he does with everything else?

[–] gregorum@lemm.ee 13 points 9 months ago* (last edited 9 months ago) (1 children)

Trump claims that he’s going to appeal, but in order to do that in NY, he must place 120% of the judgment amount into an escrow account until the appeal is complete. Since he’s definitely going to lose, at that point, the state would simply give the money to Carroll. It may be the most certain way that he’ll pay. 

Edit: 120 to 100

edit 2: 100 to 120

[–] Bipta@kbin.social 3 points 9 months ago (2 children)

Why 120%? To cover the interest that will accrue during the process?

[–] gregorum@lemm.ee 2 points 9 months ago (1 children)

Typo. I meant 100%. I fixed it.

[–] SaltySalamander@kbin.social 6 points 9 months ago (1 children)

You were correct the first time. It's 120%.

[–] gregorum@lemm.ee 2 points 9 months ago (1 children)
[–] jballs@sh.itjust.works 2 points 9 months ago (1 children)

Why 120%? To cover the interest that will accrue during the process?

[–] gregorum@lemm.ee 2 points 9 months ago* (last edited 9 months ago) (1 children)

sorry I didn’t answer before— I don’t know why 120%.

edit: according to some others who have answered this: it’s to cover any interest which might accrue during the appeal process.

[–] jballs@sh.itjust.works 2 points 9 months ago (1 children)

Lol I was just joking around. Another article mentions it's to cover interest.

[–] gregorum@lemm.ee 2 points 9 months ago (1 children)

oh, no I felt bad that I didn’t answer the last person who asked because I got confused.

is it to cover interest? one would think that the holding institution would do that, but it makes sense that that shouldn’t be the ones responsible in a trust/escrow situation. I thought it might be a court fee situation, but a percentage amount wouldn’t make sense for that.

thanks for doing the research!

[–] jballs@sh.itjust.works 2 points 9 months ago (1 children)

In fairness, I didn't actually do the research. Just saw this comment on another thread:

https://lemmy.world/comment/7112583

[–] gregorum@lemm.ee 2 points 9 months ago
[–] gregorum@lemm.ee 1 points 9 months ago* (last edited 9 months ago)

sorry I didn’t answer this earlier— I don’t know why 120%

edit: according to some others who have answered this: it’s to cover any interest which might accrue during the appeal process.

[–] admiralteal@kbin.social 2 points 9 months ago (1 children)

He can definitely delay so long as there are appeals tied up. After that, every time he digs in his heels it's another round of lawsuits until a court has the balls to hold him in contempt and put him in jail or else order asset seizure through a cooperative bank or the like.

[–] obviouspornalt@lemmynsfw.com 1 points 9 months ago

He has to post the entire judgement amount plus a little extra in order to file an appeal.

[–] Mac@mander.xyz 1 points 9 months ago

I don't think he has forever left in him. Lol