The former president's lawyers wrote in a court filing that “obtaining an appeal bond in the full amount” of the judgment “is not possible under the circumstances presented.”
Donald Trump’s lawyers told a New York appellate court Monday that it's impossible for him to post a bond covering the full amount of his $454 million civil fraud judgment while he appeals. The former president's lawyers wrote in a court filing that “obtaining an appeal bond in the full amount” of the judgment “is not possible under the circumstances presented.” With interest, Trump owes $456.8 million. In all, he and co-defendants including his company and top executives owe $467.
The remaining bonding companies will not “accept hard assets such as real estate as collateral,” but “will only accept cash or cash equivalents .' “A bond of this size is rarely, if ever, seen. In the unusual circumstance that a bond of this size is issued, it is provided to the largest public companies in the world, not to individuals or privately held businesses,” the broker, Gary Giulietti, wrote. Trump appealed on Feb. 26, a few days after the judgment was made official.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Officially Appealing $464 Million Bank Fraud JudgmentTrump started the appeals process Monday over the 'far-reaching' bank fraud judgment, a signal that he will pull together nearly a half-billion dollars to challenge the ruling.
Read more »
Trump and co-defendants should post bond for full $464 million judgment, NY attorney general saysThe AG's office argued Trump might be unable to satisfy the judgment.
Read more »
New York AG questions Trump cash reserves as $464 million judgment loomsDonald Trump's finances could be strained by his other legal battles, including an $83.3 million penalty for defaming E. Jean Carroll, AG Letitia James argued.
Read more »
Trump has been unable to get bond for $464 million judgment, his lawyers sayAdam Reiss is a reporter and producer for NBC and MSNBC.
Read more »
Trump faces 'insurmountable difficulties' in securing $464M bond in civil fraud caseDonald Trump is facing 'insurmountable difficulties' in obtaining a bond to satisfy the $464 million civil fraud judgment, his attorneys said Monday.
Read more »