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Bond Dispute

All articles tagged with #bond dispute

legal-politics1 year ago

"Legal Battle Over Trump's $175 Million Fraud Bond Escalates"

The New York Attorney General's office is seeking to void a $175 million bond posted by former President Donald Trump to secure a larger monetary damage award in his civil business fraud case, citing insufficient identifiable collateral and concerns about the surety company's qualifications. The AG's office opposes Trump's motion to justify the insurer and is asking for a replacement bond within seven days. Trump was found liable for fraud and ordered to pay $454 million in damages, which is growing with interest as he appeals the verdict.