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In reply to the discussion: Chubb CEO defends backing Trump appeal bond in E. Jean Carroll case [View all]onenote
(42,831 posts)65. You also make an assumption
You assume the there is no other surety company that could or would have provided Trump with the needed supersedeas bond.
But Chubb isn't the only company that issues large appeal bonds. Indeed, for some truly large bonds -- such as the $5 BILLION bond obtained by Exxon to cover the initial verdict in the Exxon Valdez civil litigation -- a group of companies will divide up the bond. And that's a strong possibility of how the bond on the fraud case will be handled.
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Chubb CEO defends backing Trump appeal bond in E. Jean Carroll case [View all]
BumRushDaShow
Mar 13
OP
Yes, he keeps his assets for now, but since they are collateralized he can't do anything with them;
Ocelot II
Mar 13
#68
No, you referred to a published account of an 11th hour meeting between Trump and Greenberg leading to the bond
onenote
Mar 13
#60
Greenberg Traurig, a law/lobbying firm, was just signed to represent Orban's government.,
Ocelot II
Mar 14
#82
Do you have a link to a credible source that Greenberg is a Republican mega donor?
Silent Type
Mar 13
#28
And he's given thousands to Democrats, although admittedly not as much as GOPers.
Silent Type
Mar 13
#41
Even if the collateral was way overvalued by their underwriters EJC still gets her money.
mobeau69
Mar 13
#57
He can't stiff Chubb. They have attorneys way better than Hubba Bubba that wrote the secured contract.
mobeau69
Mar 13
#12
While true, as long as he's being sued, he avoids actually paying. He could drag this shit on until he dies.
Novara
Mar 13
#13
If he doesn't pay Carroll, Chubb pays - and then they'll come after the collateral he put up for the bond.
Ocelot II
Mar 13
#36
That's Chubb's problem, and they considered that risk when they issued the bond
Ocelot II
Mar 13
#44
He can't. At the end of the appeal process, if he loses (and he will), the bond guarantees Carroll gets paid.
Ocelot II
Mar 13
#40
If I were Chubb shareholder, I'd be angry that the CEO just threw $90M out the window
Wild blueberry
Mar 13
#23
Chubb will not lose. I would bet on it. They know their shit and how to wipe it.
twodogsbarking
Mar 13
#29
Hell, it's tempting to buy stock in Chubb, especially if they also issue the bond for the much larger verdict
Ocelot II
Mar 13
#42
For the F_%k Greenberg crowd, the horrible Evan Greenberg said this after 1/6/2021.
Silent Type
Mar 13
#31
For the umpteenth time, the purpose of the bond is to protect Carroll's verdict,
Ocelot II
Mar 13
#49
I am waiting for her to start another defamation case against Trump....
William Gustafson
Mar 13
#69
He didn't say how the guarantee from TFG was made. More Putin money laundering?
marble falls
Mar 14
#76
I was told there would be popcorn served with this thread. Where's the line? NT
mahatmakanejeeves
Mar 14
#84