Donald Trump Bemoans $91.6 Million Bond Over Carroll Defamation Suit: 'Sometimes, It's Not Good To Be Rich'
Portfolio Pulse from Bibhu Pattnaik
Former President Donald Trump expressed frustration over a $91.6 million bond required for appealing a defamation lawsuit he lost to E. Jean Carroll, who accuses him of rape in the 1990s. Trump criticized the legal system and denied the accusations. The bond was obtained from insurer Chubb Ltd (NYSE: CB). Chubb stated that appeal bonds are a standard part of the American justice system, ensuring defendants can exercise their right to appeal.
March 10, 2024 | 2:09 pm
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Chubb Ltd provided a $91.6 million bond for Donald Trump's appeal in the defamation lawsuit by E. Jean Carroll. Chubb emphasized the importance of appeal bonds in the justice system.
While the involvement of Chubb Ltd in providing a substantial bond for Donald Trump's appeal is notable, it's part of their regular business operations as an insurer. This specific case might draw public attention to Chubb, but it's unlikely to have a significant short-term impact on the stock price, given the nature of their business and the scale of their operations.
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