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Bond Rejection

All articles tagged with #bond rejection

legalpolitics1 year ago

"Letitia James Calls Trump's Bond Deal 'Vindictive' and Unusual"

Attorney and Fox News legal analyst Gregg Jarrett criticized New York Attorney General Letitia James' response to the rejection of Donald Trump's $175 million bond as "vindictive and abusive," following a civil fraud ruling against Trump and his organization. James raised concerns about the sufficiency of the bond and the eligibility of the surety company, Knight Specialty Insurance Company, prompting a refile of paperwork. Jarrett argued that the bond is valid and fully collateralized, accusing James of attempting an end-run to disqualify the surety company after being "spanked by the appellate court."

via Newsweek|
#bond-rejection#civil-fraud#donald-trump
legal-politics1 year ago

"Letitia James Stunned by Trump's Secret Bond Deal: A $175 Million Fraud?"

New York Attorney General Letitia James "stunned" former President Donald Trump after his $175 million bond was rejected in his civil fraud case, leading to a new hearing with Judge Engoron. Mary Trump commented on the rejected bond, emphasizing the spotlight on the financial capabilities of the surety company chosen by Trump. James also sought confirmation to communicate with the overseer of The Trump Organization's finances, Barbara Jones, without Trump's lawyers being present.

via Newsweek|
#bond-rejection#civil-fraud-case#donald-trump
legal-finance1 year ago

"Trump's Financial Struggles Continue as $464M Bond Remains Unpaid in Civil Fraud Case"

Donald Trump's attempts to secure a bond to cover a $454 million judgment in a New York civil fraud case have been rejected by 30 surety companies, leaving him at risk of having his properties seized. The former president must now pay the sum out of his own pocket or post a bond to stave off the state's seizure while he appeals the judgment. Trump's lawyers have urged a mid-level state appeals court to delay enforcement of the judgment, arguing the amount is excessive, and have asked to post a $100 million bond while he appeals. This is one of several legal challenges Trump faces as he seeks a presidential election rematch with Joe Biden.

via Reuters|
#asset-seizure#bond-rejection#civil-fraud-case