Trump could be forced to pay up to $450 million in two NY civil cases, ‘huge blow’ to ex-prez’s wallet
NY Post
Donald Trump could be forced to pony up hundreds of millions of dollars — dealing a “huge blow” to his wallet — even if he appeals his New York defamation verdict and a looming one in his civil fraud trial, experts said.
The former president stands to be on the hook for $370 million when a Manhattan judge issues a verdict this month in the fraud case brought by New York Attorney General Letitia James over the Trump Organization’s business dealings.
He was ordered by a Manhattan federal jury last month to pay sexual assault accuser E. Jean Carroll $83 million for defamation.
But even if Trump, 77, fights the verdicts and appeals, he would still have to front a potential $453 million total as an “undertaking,” or security, in the two cases, according to legal experts.
“If we’re to believe Trump’s claims about his wealth, posting an undertaking of this magnitude (plus interest) while the appeal is pending shouldn’t be a problem for him, financially speaking,” New York civil lawyer Melissa Levin told The Post Wednesday.
“However, if we consider the actual numbers and facts we’ve been privy to regarding how much he’s truly worth,” Levin added, “this could be a huge blow to the viability of his business and his personal financial stability.”
