VI News Staff 10 months ago

Trump has been unable to get bond for $464 million judgment, his lawyers say

NEW YORK — Former President Donald Trump has not been able to get a bond to secure the $464 million civil fraud judgment against him and his co-defendants, his lawyers said in a court filing today.

Trump and his company need to post a bond for the full amount by next week in order to stop New York Attorney General Letitia James from being able to collect while he appeals. They’ve asked an appeals court to step in in the meantime and said Monday that they have not had any success getting a bond.

“Defendants’ ongoing diligent efforts have proven that a bond in the judgment’s full amount is ‘a practical impossibility,'” the filing said. “These diligent efforts have included approaching about 30 surety companies through 4 separate brokers.”


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