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Financial Judgment

All articles tagged with #financial judgment

legalfinance1 year ago

"Trump's Financial Woes Leave Him Unable to Secure $450 Million Appeal Bond"

Donald Trump and the Trump Organization have been unable to secure a surety company to issue an appeal bond for over $450 million to cover a judgment in the New York attorney general’s business fraud case against him. With a deadline looming, Trump's legal team is seeking a reprieve from an appellate court to prevent the state from seizing assets. The inability to secure the bond has put Trump's financial outlook in jeopardy, and if the bond isn't posted, New York state officials can begin seizing his assets. Trump's lawyers are calling it a "practical impossibility" to post the bond under the circumstances, and are seeking permission to send the issue to the state’s highest court for review.

via The Washington Post|
#appeal-bond#donald-trump#financial-judgment
legal-politics1 year ago

Trump's Legal Battles: Hurdles in Appeal Bond, Asset Seizure Threat, and NYC Boycott Reversal

Former President Donald Trump faces the challenge of securing a bond worth over $540 million to appeal a New York business fraud case ruling, which threatens to erase most of his claimed cash. However, using his properties as collateral may not be feasible, and potential bond companies may be hesitant due to his status as a presidential front-runner and previous legal challenges to his business practices and wealth claims. Trump's lawyer has indicated they will secure a bond, but the process could be complicated, and liquidating assets may pose difficulties.

via CNBC|
#appeal-bond#donald-trump#financial-judgment
legalpolitics2 years ago

"Rudy Giuliani Ordered to Pay $148 Million in Damages to Georgia Election Workers"

Former New York City mayor Rudy Giuliani has been ordered by a federal judge to pay $148 million to two Georgia election workers he defamed, while simultaneously promoting unapproved supplements on his livestreamed program. The judge granted the workers' request to bypass the 30-day waiting period for enforcement due to Giuliani's history of concealing assets. Giuliani defended himself on his show, criticizing legal setbacks and claiming the Constitution was "raped" by judges. He also endorsed Balance of Nature supplements, despite FDA warnings, suggesting they be used as Christmas ornaments to "help me fight the traitors."

via The Daily Beast|
#defamation#election-workers#financial-judgment
legal2 years ago

"Judge Demands Immediate Payment of $148 Million from Rudy Giuliani in Georgia Election Worker Lawsuit"

A federal judge has ruled that former Georgia election workers Ruby Freeman and Shaye Moss can seek enforcement of their $146 million financial judgment against Rudy Giuliani, as there is good reason to believe he will not comply. The decision allows Freeman and Moss to go after Giuliani's assets in New York and Florida. Giuliani was found liable for repeatedly defaming the workers by falsely accusing them of election fraud. The judge reduced the verdict by $2 million to reflect a previous settlement. Giuliani's failure to comply with court orders and pay attorney fees was cited as evidence of his potential non-compliance. Giuliani can appeal the judgment but would need to post a bond of the full amount owed.

via NBC News|
#court-order#defamation#financial-judgment