"Trump's Legal Woes: Struggle to Secure Bond for $454M Civil Fraud Judgment"

1 min read
Source: The Guardian US
"Trump's Legal Woes: Struggle to Secure Bond for $454M Civil Fraud Judgment"
Photo: The Guardian US
TL;DR Summary

Donald Trump's lawyers argue that he cannot post a bond covering the full $454m civil fraud judgment against him in New York, claiming it is a "practical impossibility" after 30 surety companies turned him down. They state that bonding companies are unwilling to issue a bond of such size and would only accept cash or cash equivalents as collateral. Trump's legal troubles also include a defamation case and an unprecedented slate of criminal charges. Despite these challenges, he remains a dominant figure in the Republican presidential primary and is expected to face Joe Biden in the November election.

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