Trump is prepared to post $100 million bond but not the full $454 million judgment, lawyers say
Trump is prepared to post $100 million bond but not the full $454 million judgment, lawyers say
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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Either full $454 million or get lost.
Don't forget the daily fines for late payment.
$465 million according to:
They're actually kind of doing that in the E. Jean Carroll case. His "appeal bond" has to be 110% of the judgment award, so he has to put up 91.6 million instead of the 83.3 million she was awarded. My understanding is that the extra is to cover the interest that might accrue during the appeals process in the event that she still wins.