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News@lemmy.worldEnglish · 8 months ago

Trump is prepared to post $100 million bond but not the full $454 million judgment, lawyers say

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Trump is prepared to post $100 million bond but not the full $454 million judgment, lawyers say

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 8 months ago

New York AG Letitia James has said that she will seek to seize some of Trump's assets if he's unable to pay the judgment.

New York AG Letitia James has said that she will seek to seize some of Trump’s assets if he’s unable to pay the judgment.

Donald Trump’s lawyers asked a New York appellate court Wednesday to halt collection of the former president’s $454 million civil fraud judgment while he appeals.

Trump’s lawyers said in a court filing that he is prepared to post a $100 million appeal bond rather than a bond covering the full amount, which would have automatically paused enforcement.

They said a provision in Judge Arthur Engoron’s Feb. 16 ruling that bans Trump, his company, and co-defendants from obtaining loans from New York banks for three years would make it impossible for him to obtain a bond covering the full judgment.

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Bloodyhog@lemmy.world
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8 months ago
I am blessed by not being an American, so no blood boiling due to that. Russian by birth however, so plenty of other reasons to freak out in the fucked modern world…

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