THIS ARTICLE IS MISLEADING, INACCURATE, CLICK-BATE, BULL SHIITAKE.
Under NY law, the filing fee to appeal the order is $315. However, if he wants to stay enforcement of the order pending appeal, he has to post a “supersedes bond,” for the $354 million judgment, plus interest (~$390 million). The cost of a supercedes bond is typically .3% to 2% depending upon the type of collateral. Given DJT’s wealth, he will pay the lowest rate or about $1,170,000 per year to secure the $390 million bond.
Quite frankly, the person who wrote this article is either stupid or lazy or both.
Appeal bonds of this sort require collateral in addition to the premium. Unfortunately for Trump the collateral is usually 100% cash or 200% or more in property, and the property has to be on encumbered. He likely doesn’t have $400 million in cash or $800 million in unmortgaged property.
Or he may have talked to the various and sundry lawyers who share the traits. There seems to be no shortage of big leaguers to argue any godforsaken point of law when the rubber actually hits the road.