Honestly, this whole situation makes me think we need to restructure civil case outcomes to better protect the plaintiff. I’d like it if that $5M also had a nice interest rate of 100% or so, making this strategy a little less enticing.
The $5 million is earning interest at the “judicial interest rate”. Which is 4% (and tied to t-bonds) instead of 100%. That’s how the $5 million became $5.8 million during the appeal.
Trump was also probably required to post an appeal bond in cash or other security to cover the entire amount of the judgement plus expected interest. So when Caroll does finally get her money, the check is probably going to come from an escrow service or similar, not from Trump directly.
Good news: we already did that! It’s called “tort reform” and it…
aim[s] to reduce the ability of plaintiffs to bring tort litigation (particularly actions for negligence) or to reduce damages they can receive
…oh.
This is how you know it’s a sickness. Wikipedia claims Trump’s worth to be around 6.5 and 7 billion dollars. Nuts, but not what this is about. 5 million dollars is about 0.07% of his published worth.
The median American has a net worth of $124,041 so if we use that same percent we get that the equivalent payout for an average American would be about $88. So, like, not nothing, but probably not something that’s worth stringing along for years and doing everything you can to get out of.
I know I’ve paid higher fines than that just to make problems go away because I didn’t want to deal with them, and I’m a serial procrastinator!
Pedophile rapist narciststs don’t think like normal people
He treats everyone like he treats contractors…
Even his rape victims.
Deadbeat billionaire.
she better be getting interest on top too
Checking the summary above, which quotes the article, I think your question is answered.
