"Trump's Civil Fraud Judgment Reduced to $175M by Appeals Court"

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Source: The Associated Press
"Trump's Civil Fraud Judgment Reduced to $175M by Appeals Court"
Photo: The Associated Press
TL;DR Summary

A New York appeals court has agreed to delay the collection of Donald Trump's $454 million civil fraud judgment if he posts a $175 million bond within 10 days, allowing him to appeal the ruling. The court also reversed a ruling barring Trump and his sons from serving in corporate leadership. New York Attorney General Letitia James plans to initiate efforts to collect the judgment if Trump doesn't comply. Trump's lawyers argue that it's impractical to secure a bond for such a large sum, while Trump claims he has almost $500 million in cash but intends to use much of it for his presidential run.

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