25
posted ago by WTFjusthappened ago by WTFjusthappened +26 / -1

In court papers today Trump's lawyers asked the judge to "stay the judgement" while Trump appeals the case.

Stay the judgment means you don't pay the penalty. However, this usually means putting up what's known as an undertaking for the amount of the judgment and that money is held in escrow while you appeal.

Trump is asking the judge to put up a partial amount of the judgment, because otherwise Trump would suffer an.irreparable harm. They are asking to put up a bond of 100 million instead of the full judgment as the undertaking. Trump's lawyers say to put up the full amount. Trump would need to sell property.

https://t.co/8XQMUg5R76

Irreparable Harm Inheres to Appellants from Any Forced Sale of Properties In the absence of a stay on the terms herein outlined, properties would likely need to be sold to raise capital under exigent circumstances, and there would be no way to recover any property sold following a successful appeal and no means to recover the resulting financial losses