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Court agrees to block collection of Trump's massive civil fraud judgment if he puts up $175M (apnews.com)
submitted 2 years ago by [M] to c/politics@sh.itjust.works
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The ex-president’s lawyers have said underwriters wanted 120% of the judgment and wouldn’t accept real estate as collateral. That would mean tying up over $557 million in cash, stocks and other liquid assets, and Trump’s company needs some left over to run the business, his attorneys have said.

They asked an appeals court to freeze collection without his posting a bond. The attorney general’s office objected, saying he hadn’t explored every option for covering the amount.

The appeals court “chose a middle ground” by still requiring Trump to put up money but lowering the amount, Naftalis said.

other discussions
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In the Trump civil fraud case his bond was cut by 68% from $454m to $175m. He has 10 days to put up the $175m as he appeals NY fine. (apnews.com)
submitted 2 years ago by to c/chapotraphouse@hexbear.net
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112
Court agrees to block collection of Trump's $454 million civil fraud judgment if he puts up $175M (apnews.com)
submitted 2 years ago by to c/usa@lemmy.ml
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Court agrees to block collection of Trump's $454 million civil fraud judgment if he puts up $175M (apnews.com)
submitted 2 years ago by to c/news@lemmy.ml
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Rules for thee, not for me.

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Court agrees to block collection of Trump's $454 million civil fraud judgment if he puts up $175M (apnews.com)
submitted 2 years ago* by to c/politics@lemmy.world
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A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s $454 million civil fraud judgment — if he puts up $175 million within 10 days.

If he does, it will stop the clock on collection and prevent the state from seizing his assets while he appeals.

Delay. Delay. Delay.