"New York AG Questions Handling of Trump's $175M Civil Fraud Appeal Bond"

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Source: USA TODAY
"New York AG Questions Handling of Trump's $175M Civil Fraud Appeal Bond"
Photo: USA TODAY
TL;DR Summary

New York Attorney General Letitia James has raised concerns about the $175 million bond provided by Knight Specialty Insurance Company for Donald Trump's civil fraud case, questioning if it meets legal requirements. The company's qualification to provide the bond is being challenged, and a hearing on the issue is scheduled for April 22. Trump and his co-defendants were originally required to post $464 million to shield their assets during the appeal, but a New York appeals court reduced the amount to $175 million. Trump is personally liable for nearly the entire judgment of about $454 million imposed by the court.

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