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Originally Posted by Meelapo
I'm not a lawyer and I can't find a proper source of record for this, but from what I've read in other forums, because it's a NY civil case, Trump will have to fork over the entire awarded amount to be put in escrow if he and his team decide to appeal.
He also stated during this trial that he has $400 million cash on hand.
Again, these comments were similar across a couple of different forums/sub-reddits so I'm assuming they are true. But I couldn't find proper sources so take them with a grain of salt.
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I was able to find this:
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Asking the Court to Stop Enforcement of the Judgment: Filing a Notice of Appeal does not stop or stay the winning side from taking steps to collect or enforce the judgment from the lower court. To put the collection on hold, you may have to ask the court for a stay. You may have to pay an amount of money equal to the judgment amount, called an undertaking, to the court while the appeal is being decided. See How to Ask the Court for Something.
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At
https://www.nycourts.gov/courthelp/A...lsBasics.shtml
Edit: I was also able to find this, which I THINK means that the “undertaking” could take the form of liens against property, as opposed to a deposit of money, but maybe one of our resident lawyers could confirm or deny my understanding:
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Unless the court orders otherwise, an undertaking in an amount of more than one thousand dollars, which is not a deposit of legal tender of the United States or in face value of unregistered bonds of the United States or of the state, upon which natural persons are surety shall be secured by real property located in the state which shall be worth the amount specified in the undertaking exclusive of all encumbrances.
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Source:
https://law.onecle.com/new-york/civi...2503_2503.html