Posted on 03/25/2024 8:41:04 AM PDT by bitt
A New York appeals court paused for 10 days a massive civil fraud judgment against former President Donald Trump.
The court also and sharply reduced the bond he would have to post to obtain a longer stay to $175 million.
Trump’s lawyers in a court filing last week said that it was “impossible” for him to get an appeal bond of $454 million to satisfy the judgment in that amount, having approached more than 30 surety companies without success.
A New York appeals court on Monday paused for 10 days a massive civil fraud judgment against former President Donald Trump, and sharply reduced the bond he would have to post to obtain a longer stay to $175 million.
Trump’s lawyers in a court filing last week said that it was “impossible” for him to get an appeal bond of $454 million to satisfy the judgment in that amount, having approached more than 30 surety companies without success.
None of those companies were willing to write a bond without Trump posting cash or some other liquid asset, the attorneys wrote in their filing with the Manhattan Supreme Court appellate division panel.
Because of the size of the fraud judgment, the companies insisted that Trump show “cash reserves approaching $1 billion,” according to his lawyers. But neither Trump nor the Trump Organization company has that amount of cash on hand, the filing said.
(Excerpt) Read more at cnbc.com ...
hochul told ny business owners not to worry
they are only interested in persecuting Trump
This is the worst miscarriage of justice in the history of the US. He was convicted of “fraud” in a case in which there literally were no victims.
Thanking God for answered prayers!
Alvin Bragg, Litigious James, The Pstupid Mayor, ALL DEMOCRATS....ALL GHETTO TRASH.....making NYC a SH*THOLE CITY!
Eh - there's been lots of that.
Trump had NO TRIAL....it was that EVIL JUDGE that SAID he was guilty!!
If the NY COA denies taking the case then Trump could go to SCOTUS. We've covered this before.
Or maybe a Chicago, Cook County traffic court judge.
That changes the bond-to-value ratio enormously and should make underwriters much more receptive.
Amen!
LOL meltdown
Video: MSNBC guest reacts to Trump’s bond being reduced to $175 million: “This is so infuriating
https://rumble.com/v4lfsku-msnbc-guest-reacts-to-trumps-bond-being-reduced-to-175-million-this-is-so-i.html
I think he should pay the same amount the non-victims lost in any of the transactions! $0!
ISWYDT
“If the NY COA denies taking the case then Trump could go to SCOTUS. We’ve covered this before.”
Right
That MSNBC guest was infuriated that Trump has his “own set of rules”....”the appeals court just swooped in”....
TDS lives strongly within him. Tristan Snell is the name, iirc.
Take THAT mutant retard!
A step in the right direction but still unprecedented for a case where there was no damage. The fraud is james and the corrupt and crazy judge. Ny needs to be crushed.
LMAO
at liberals tears over this
LMAO
The whole thing will be thrown out eventually because it was unconstitutional in SEVERAL ways.
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