Attorneys for Donald Trump at a Monday hearing successfully defended the $175 million bond the former president secured in his New York state civil fraud case.
Lawyers for Donald Trump and the New York Attorney General's Office struck a deal Monday that will now keep the GOP frontrunner from having any access to the cash collateral for his $175 million civil-fraud bond.The agreement reached in civil court in Manhattan essentially moves the all-cash collateral to a Trump-proof lockbox. Only the bond underwriter, Knight Specialty Insurance Company, has the key.Previously, Trump and Knight shared control of the cash, a sticking point for the AG's...
It appears that real estate fraudster Donald J. Trump's last-minute attempt to fix the problems with his prior bond filing has created more questions and offered no believable answers. After being found guilty of fraud and ordered to pay $454 million, Donald Trump was offered a lifeline by the court to post only a $175 million bond during his appeal. — Read the rest
New York Attorney General Letitia James has been granted a hearing by state judge Arthur Engoron to challenge the $175 million bond former President Donald Trump posted in his civil fraud case.In a new, brief order signed by Engoron, James was directed to present her case to the court on April 22 that the bond, posted by Knight Specialty Insurance Company, should not be accepted.Trump was found liable for more than $450 million in damages and unpaid interest in this case, which centered on...
Former President Donald Trump accepted five new conditions demanded by New York Attorney General Letitia James in order to get his controversial $175 million bond accepted in his civil fraud case, according to a new analysis."The new conditions were needed, prosecutors argued, because they didn’t trust the financial health of the insurance company, Knight Specialty Insurance, who posted the bond for Trump.Josh Fiallo of The Daily Beast writes. "They noted that Knight had violated federal law on...
A full jury has been empaneled to hear former President Donald Trump's criminal case in Manhattan — but that doesn't necessarily mean the court won't have to deal with more jury complications, trial expert J. Lee Meihls told CNN's Jake Tapper on Monday.That's because there's every risk that more jurors could bail on the whole proceeding out of fear for their safety or pressure over their responsibilities — especially if Trump supporters or others trying to disrupt the trial expose the identities...
Former President Donald Trump won against New York Attorney General Letitia James in court on Monday regarding a question surrounding the $175 million bond Trump posted in the civil fraud case.
The former president's lawyers agreed to certain restrictions pertaining to
New York state lawyers and an attorney for former President Donald Trump settled their differences Monday over a $175 million bond that Trump posted to block a large civil fraud judgment while he pursues appeals. The agreement cut short a potential day-long court hearing in Manhattan that was to feature witnesses. As part of a deal struck during a 20-minute recess, lawyers for Trump and Knight Specialty Insurance Company agreed to keep the $175 million in a cash account that will gain interest...
Letitia James contended the former president failed to demonstrate that the company behind his bond had the resources to pay it if his appeal failed.
Former President Trump’s $175 million bond judgment stemming from his non-jury civil trial will stand, a New York judge ruled Monday after New York Attorney General Letitia James attempted to invalidate it. Lawyers for James on Monday argued that the court should void Trump’s slashed judgment of $175 million in his non-jury civil fraud trial. James questioned whether the company that posted the massive bond, Knight Specialty Insurance, could actually pay the bond if needed. The court, though,...
The New York attorney general’s office has asked a judge to void the $175 million bond former President Trump secured to put off paying the larger monetary damage award in his civil fraud cas