"New York Attorney General Challenges Validity of Trump's $175 Million Civil Fraud Bond"

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Source: Yahoo Finance
"New York Attorney General Challenges Validity of Trump's $175 Million Civil Fraud Bond"
Photo: Yahoo Finance
TL;DR Summary

New York state is demanding more information on the $175 million appeal bond posted by former President Donald Trump to block the collection of a civil fraud judgment. State Attorney General Letitia James' office has called for Trump's lawyers or the bond underwriter to justify the bond's bona fides, seeking more information on the collateral provided. Trump's lawyer criticized the move as a "baseless public quarrel," while the underwriter, Knight Specialty Insurance Co., provided financial statements showing its assets. The bond aims to halt enforcement of the judgment during Trump's appeal, but the state is seeking assurance of the underwriter's financial soundness.

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