With the submission of bonds, it will pause any action that Attorney General James could take against Donald Trump's properties in response to the judgement until at least September, when the state appeals court also set a schedule to hear his appeal of the USD 464 million verdicts agains
The ruling by a five-judge panel of appellate court judges was a crucial and unexpected victory for the former president, potentially staving off a looming financial disaster. Had the court denied his request, and had he failed to obtain the full bond, Trump risked of losing control over his
Acknowledging the difficulty in finding an insurance company willing to underwrite his USD 454 million bond, Trump's legal team has been working tirelessly to explore various avenues.
In a fresh appeal court filing on Monday, the attorneys for former President Donald Trump stated that he is having "insurmountable difficulties" getting a bond to pay the USD 464 million civil fraud case, ABC News reported.
US former president Donald Trump, his adult sons, and two former Trump Organization officials, on Monday, appealed the USD 464 million judgment entered against them in the New York attorney general's civil fraud case, according to CNN.
In a series of posts on his Truth Social platform after the court's decision, Trump said the justice system in New York State and US as a whole is under assault by "partisan, deluded, biased Judges and Prosecutors."
A New York judge on Friday ordered former US President Donald Trump and the Trump Organization to pay a fine of nearly USD 355 million in a civil fraud case.