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2 mentions found


☆ Trump can't secure $454 million appeal bond in New York fraud case, his lawyers say
  + stars: | 2024-03-18 | by ( Kevin Breuninger Dan Mangan | Kevin Breuninger | Dan Mangan | ) www.cnbc.com   time to read: +5 min
Donald Trump cannot obtain a bond to secure the $454 million civil business fraud judgment against him as he pursues an appeal of the case, his attorneys said in a New York court filing Monday. Attorneys for Trump and his co-defendants in the fraud case argued that it was "impossible" for them to secure a complete appeal bond, which would "effectively" require "cash reserves approaching $1 billion." Trump in a deposition last year claimed to have "substantially in excess of $400 million in cash." But Monday's filing nevertheless asserted that obtaining a bond for the full $464 million judgment is unattainable. The defendants had previously offered to post a $100 million bond, less than one-fourth the total judgment, in order to pause James from collecting the penalties during the appeal process.
Persons: Donald Trump, Letitia James, Arthur Engoron, Trump, Gary Giulietti, Giuletti, Giulietti, Trump's, James, Anil Singh, Alina Habba, Chubb, Jean Carroll Organizations: U.S, New York, Trump, Division of Manhattan Supreme, Appeals, New York ., Lockton Companies, U.S . Treasury Department, Trump Organization Locations: New York City, New York, New York . Manhattan, York
☆ Trump seeks to post $100 million bond in fraud appeal, fraction of total judgement
  + stars: | 2024-02-28 | by ( Kevin Breuninger | ) www.cnbc.com   time to read: +2 min
Attorneys for Donald Trump on Wednesday said the former president and his co-defendants plan to post a $100 million bond to pause enforcement of their civil fraud judgment — though that is just a fraction of the total amount that they have been ordered to pay. To secure a "complete" appeal bond — which could cost more than $550 million — would be "impossible," the defense lawyers wrote in a court filing to the appellate division of Manhattan Supreme Court. Engoron ordered the defendants to pay a total of $464.6 million in fines and interest. Trump's total was more than $454 million, which includes more than $98 million in pre-judgment interest. In this case, the bond could be worth upwards of $550 million.
Persons: Donald Trump, Trump, Letitia James, James, Arthur Engoron's, Engoron Organizations: New York, Court, Manhattan Supreme, Trump Locations: New York City, Manhattan, New York
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