As the Monday deadline loomed for Donald Trump’s staggering $454 million bond, an appeals court in New York gave him some very good news: A panel of judges on the Supreme Court of New York’s Appellate Division ruled that Trump would need to post only a $175 million bond to stay the enforcement of his civil business-fraud judgment as he appeals the verdict. The court also gave Trump ten additional days to find the bond — meaning New York attorney general Letitia James cannot seize his assets on Monday, when the deadline was set to expire.

It was another close call for the former president in a season that has been defined by both his legal jeopardy and a series of timely breaks in his favor. As of Monday morning, his attorneys had maintained that he has been unable to find a company to put up the bond for him to appeal the full $454 million judgment — even though Trump claimed on Friday that he has half a billion lying around in cash.

With banks and bond companies refusing to take Trump’s assets as collateral, a bond of $175 million is much more doable than $454 million. Earlier this month, Trump secured a $91 million bond to appeal the judgment in the E. Jean Carroll defamation case. If he doesn’t have the cash to get a $454 million bond, perhaps he can manage less than half of that sum.

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QOSHE - Trump Gets Huge Break, Now Needs $175 Million to Post Bond - Matt Stieb
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Trump Gets Huge Break, Now Needs $175 Million to Post Bond

3 1
25.03.2024

As the Monday deadline loomed for Donald Trump’s staggering $454 million bond, an appeals court in New York gave him some very good news: A panel of judges on the Supreme Court of New York’s Appellate Division ruled that Trump would need to post only a $175 million bond to stay the enforcement of his civil business-fraud judgment as he appeals........

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