• gregorum
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    9 months ago

    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
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      39 months ago

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

              • gregorum
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                9 months ago

                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.

                  • gregorum
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                    29 months ago

                    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!

      • gregorum
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        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.