Last Chance to Become a SPCA Wildlife Volunteer

Related articles

Explaining the New CDC Guidance on What To Do if You Have COVID-19

Q: Is one day isolation sufficient to stop forward...

“Crazy Good!” Fishing in Lake Erie

The Buffalo region is blessed with an abundance of...

Trump smacked down by E. Jean Carroll’s lawyer for trying to delay payment



E. Jean Carroll's attorneys fended off Donald Trump's attempt to stall two more months in paying the massive defamation judgment imposed against him.

The $91.6 million bond floated by Federal Insurance Company contained some fine print that would have given the former president 30 additional days to come up with the money he owed Carroll, in addition to 30 days for the insurer to come up with the money if Trump failed to pay – essentially giving him two months to stall, reported The Daily Beast.

But Carroll's attorney Roberta Kaplan spotted that loophole over the weekend and alerted U.S. District judge Lewis Kaplan, who immediately responded in a handwritten note that indicated Trump's lawyers must agree to drop the gambit.

“The parties shall submit revised documentation promptly,” the judge wrote on Kaplan's letter.

The surety firm FIC, which is a subsidiary of Chubb Insurance Company, essentially fronted money for Trump to give themselves some extra time to make good on his debt, but Trump and the insurer gave themselves an unusually generous amount of time to pay up.

READ MORE: Trump and the Republicans will do anything to win — even collude with Russia

“From what I can see, there’s no basis for it," said Neil Pedersen, who owns a bond agency in New York. "If you have to pay, there’s no reason to give Trump another 30 days. There’s no reason to give a company with billions upon billions of assets a 30-day grace period."

However, other experts say FIC may have been protecting themselves from a client notorious for stiffing contractors and stalling his legal obligations.

“These corporations are big battleships that take a long time to turn around,” N. Alex Hanley, an expert in how companies appeal enormous judgments.