“We write to respectfully request that the Court so order the enclosed Stipulation and Proposed Order Regarding the Use of a Cash Deposit in Court as Security in Lieu of a Supersedeas Bond,” Trump’s legal counsel Joseph Tacopina said in a letter to the US district judge Lewis Kaplan.
Tacopina pointed out that his law firm is holding this money in its trust account and will promptly make such a deposit if the court agrees with the stipulation.
Last week, Kaplan scheduled Carroll’s second defamation trial against Trump for January 15, 2024, seeking $10 million unless the case resolves before this date.
The second defamation lawsuit against Trump dates back to 2019, when Carroll accused the then-US president of damaging her reputation and career after he called her a liar for publicly saying he raped her in either 1995 or 1996 in a dressing room in New York City.
Trump’s lawyer earlier said in June that their client is seeking a new trial. They disputed an award of $2 million as "grossly excessive,” according to the court filing.
US media reported that, if Trump loses his appeal, Carroll would collect the $5 million, according to a joint stipulation submitted by his lawyers and attorneys for Carroll. However, he would get the whole security deposit back if he wins.