New York Attorney General Seeks Voiding of Trump's $175M Bond in Civil Fraud Case

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Source: CBS News
New York Attorney General Seeks Voiding of Trump's $175M Bond in Civil Fraud Case
Photo: CBS News
TL;DR Summary

New York Attorney General Letitia James opposes the surety company holding Donald Trump's $175 million bond in the civil fraud case, citing concerns about the company's financials and Trump's control over the collateral. The attorney general argues that the bondholder, Knight Specialty Insurance company, falls short on several requirements for a surety bondholder and requests the court to require Trump to come up with a replacement within seven days of its ruling on the matter.

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