Posted on 04/22/2024 11:06:51 AM PDT by Macho MAGA Man
A judge on Monday smacked down Marxist tyrant Letitia James and ruled in favor of Trump in a fight over a $175 million bond.
On Friday Letitia James asked a judge to void Trump’s $175 million bond that he posted to appeal the civil fraud case
Letitia James argued that California-based Knight Specialty Insurance Company (KSIC) is not approved to do business in New York.
James also questioned whether KSIC has the funds to back up the $175 million bond Trump previously posted.
“Based on KSIC’s policyholder surplus in its most recent annual financial statement of $138,441,671, the limitation of loss on any one risk that KSIC is permitted to write is $13.8 million,” Letitia James’ office wrote in a 26-page filing according to Fox News. “The face amount of the bond exceeds this limitation by $161.2 million.”
James also argued in her filing: “KSIC is not qualified to act as the surety under this standard because its management has been found by federal authorities to have operated affiliated companies within KSIC’s holding company structure in violation of federal law on multiple occasions within the past several years.”
“KSIC does not now have an exclusive right to control the account and will not obtain such control unless and until it exercises a right to do so on two days’ notice,” James’ office wrote in the filing.
Letitia James asked the judge to void Trump’s bond and require him to post another bond within 7 days of the court’s decision.
The judge ruled against Letitia James on Monday and said Trump’s $175 million bond can stand.
Fox News reported:
(Excerpt) Read more at thegatewaypundit.com ...
my question, too.
FULJ
She’ll be back
it was erdogan...bit she’s p......
Yes, I was looking for that too.
She won regardless. This just strings it out which just burns legal fees for him.
About damn time.
That is my question which judge.
No where in article is the name of the judge mentioned
If it was Engoron, I’m wondering if they purposely omitted his name to protect him from retaliation and ridicule from the left?
Hoping that when she’s back, it will be as looking for a new job. We’ve had enough of her.
Didn’t a judge earlier today rule the $175M bond stands and now it’s already been overturned? Good if true, but I want to wait to see of this news report is legitimate. Also the state of New York will appeal this isn’t over yet.
MtnClimber, I was in the Navy over 40 years back. To this day, I still recall the word equivalents for our alphabet: i.e. Alpha, Bravo, Charlie, etc,
But I never did learn my semaphore codes. Since I didn’t work on the flight deck, I didn’t need to know what the flags meant. So, can you tell us the significance of FLJ?
Took a minute, but the last two are likely the witch’s initials....
Ha-ha! That would make sense. She more than deserves it.
L - Letitia
J - James
The ghetto-potamus, marxist in the title of the article :)
I like it!
The actions of this clown team can only go so far and one more outrageous stunt isn't going to help them. Engoron must be waking up and realizes the two of them are going to have their asses handed to them on appeal. He's ripping off the bandage to get this case over with.
Well, that'll leave a black mark on that gavel.
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