2024-03-18 12:00:02
(I’m writing this in the car on my phone. Apologies for any missed errors!)
Former President Donald Trump cannot get the $464 million bond required in the New York civil case. AG Letitia James threatened to seize assets if he cannot post bond:
Trump’s lawyers said in a court filing that “ongoing diligent efforts have proven that a bond in the judgment’s full amount is a ‘practical impossibility,’” adding that those efforts “have included approaching about 30 surety companies through 4 separate brokers.”
When a defendant appeals a civil judgment, the defendant can prevent collection efforts while the appeal proceeds by either posting the full amount into an escrow fund or securing a third-party bond to guarantee the full amount.
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