Donald Trump's finances could be strained by his other legal battles, including an $83.3 million penalty for defaming E. Jean Carroll, AG Letitia James argued.
Donald Trump has not shown that he has enough cash to cover the full amount of a $464 million civil fraud judgment if he loses on appeal, New York Attorney General Letitia James warned.
Former U.S. President Donald Trump speaks as he arrives at a Manhattan courthouse, for the trial of himself, his adult sons, the Trump Organization and others in a civil fraud case brought by state Attorney General Letitia James, in New York City, U.S., October 2, 2023.New York Attorney General Letitia James raised that concern as she argued that Trump and his co-defendants should be required to post"Defendants have never demonstrated that Mr.
Trump "has substantial liabilities that may reduce his liquid assets further, including other outstanding money judgments against him, and he faces multiple criminal indictments," she wrote, pointing to that verdict. New York Attorney General Letitia James sits in the courtroom during the civil fraud trial of former President Donald Trump and his children at New York State Supreme Court on November 03, 2023 in New York City.They claimed that it would be "impossible" for them to secure a full appeal bond, which could be set at 120% of the judgment — more than $550 million — since that judgment also barred Trump from applying for loans in New York.
Appeal bonds are intended to ensure that the person awarded damages at trial will be able to collect that money if the verdict is upheld on appeal. The person posting the bond will get their deposit back if they win their appeal.Are Biden and Netanyahu on a collision course over Gaza?New York appeals court Judge Anil Singh on Feb. 28 rejected the $100 million bond proposal, but allowed the defendants to continue doing business in New York and lifted the ban on seeking loans.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Officially Appealing $464 Million Bank Fraud JudgmentTrump started the appeals process Monday over the 'far-reaching' bank fraud judgment, a signal that he will pull together nearly a half-billion dollars to challenge the ruling.
Read more »
Trump and co-defendants should post bond for full $464 million judgment, NY attorney general saysThe AG's office argued Trump might be unable to satisfy the judgment.
Read more »
New York City, New York job with Columbia Center for Translational ImmunologyThe Laboratory of Arnold Han MD, PhD is inviting applications for a dynamic and highly motivated postdoctoral research scientist to join his research program in immunology at Columbia University Vagelos College of Physicians and Surgeons.
Read more »
Trump Wants a Break on $464 Million Judgment. The AG Says Trump Is Sneaking Assets to Florida.Donald Trump was ordered to pay $464 million for bank fraud, but he only wants to front $100 million. Now the AG says investigators have caught him moving his business assets.
Read more »
Today in New York at 7 a.m. — Watch Live Coverage From NBC 4 New York on the NBC New York app and streaming channelBookmark this page for regularly-scheduled newscasts and breaking coverage from NBC 4 New York.
Read more »
Trump trial date set for March in New York hush money caseA judge on Thursday set jury selection to begin March 25 in former President Donald Trump’s trial on charges that he falsified business records during his successful 2016 presidential campaign.
Read more »