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Published 12 days ago

Judge Rules Against NY AG, Says Trump’s $175M Judgment Bond Will Stand

Summary by stateofunion.org
A New York judge rejected an attempt by NY AG Letitia James to overturn a $175 million bond judgment obtained by former President Donald Trump in his civil fraud trial. James argued the bond company, Knight Specialty Insurance, may not be able to pay the full amount if required. However, the court ruled the bond would stand as cash in a controlled account, not securities. It ordered Knight to provide monthly financial statements to James. Ja…

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stateofunion.orgstateofunion.org

Judge Rules Against NY AG, Says Trump’s $175M Judgment Bond Will Stand

A New York judge rejected an attempt by NY AG Letitia James to overturn a $175 million bond judgment obtained by former President Donald Trump in his civil fraud trial. James argued the bond company, Knight Specialty Insurance, may not be able to pay the full amount if required. However, the court ruled the bond would stand as cash in a controlled account, not securities. It ordered Knight to provide monthly financial statements to James. Ja…

12 days ago
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