Nonilex, to legal
@Nonilex@masto.ai avatar

#Trump #Bond Firm Should Offer Proof of Resources, #NewYork Says

#NYAG #LetitiaJames asked an appeals court to require Trump to prove within 10 days that the company providing his $175M bond in the state’s #civil #fraud case is financially capable of delivering if his #legal challenges fail.

The request was made in a filing Thurs by the state.

#law #KnightSpecialtyInsurance #DonHankey
https://www.bloomberg.com/news/articles/2024-04-04/trump-bond-firm-should-offer-proof-of-resources-new-york-says

Nonilex,
@Nonilex@masto.ai avatar

CBS reported on the issue:

Is Trump's $175M #civil #fraud #bond valid in #NewYork?

When #Trump posted a bond in NY on Mon, it appeared that he had evaded a #financial crisis. He had paused enforcement of the >$460M judgment against him, while his appeal is pending.

But the surety bond was missing vital information typically included in those filings, experts say.

#law #KnightSpecialtyInsurance
https://www.cbsnews.com/news/donald-trump-175-million-civil-fraud-bond-valid-new-york/

Nonilex, to Law
@Nonilex@masto.ai avatar

#Trump secures $175 million #bond in New York #civil #fraud case

An appeals court last week reduced the amount of bond he was required to post.

Trump and his co-defendants have secured a $175 million bond in their New York civil fraud case, according to a court filing.

Trump secured the bond through Knight Specialty Insurance Company.

#law
https://abcnews.go.com/US/trump-secures-175-million-bond-new-york-civil/story?id=108715465

Nonilex,
@Nonilex@masto.ai avatar
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