New York state Attorney General Letitia James' office could begin to seize Trump's assets unless an appellate court agrees to halt the judgment against the former president.
New York state Attorney General Letitia James’ office could begin to seize Trump’s assets unless an appellate court agrees to halt the judgment against the former president.
Trump’s lawyers said in a court filing that “ongoing diligent efforts have proven that a bond in the judgment’s full amount is a ‘practical impossibility,’” adding that those efforts “have included approaching about 30 surety companies through 4 separate brokers.” Trump’s deadline for doing so is March 25, unless the appeals court agrees to either stop the judgment or allow him to post a bond for a smaller amount.Late last month,to pause the enforcement of the judgment for widespread business fraud. A full panel of the New York appeals court — known as the First Department of the Appellate Division — is now considering whether to halt the judgment while Trump pursues his appeal.
In their filing Monday, Trump’s lawyers said the defendants, including Trump, his adult sons, their business associates and several of Trump’s companies, lacked the cash to secure a bond for the more than $464 million they collectively owe.
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Trump can't make $464M bond in civil fraud case, his lawyers tell courtFormer President Donald Trump can't find an insurance company to underwrite his bond to cover the massive judgment against him in the New York attorney general's civil fraud case, his lawyers told a New York appeals court.
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Trump faces 'insurmountable difficulties' in securing $464M bond in civil fraud case, his attorneys sayJudge Arthur Engoron had ordered Trump to pay $355 million plus interest.
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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.
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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.
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