Trump's $454M judgment bond slashed by more than half in appeals court ruling
Trump had faced a Monday deadline to pay $454 million
By Brooke Singman , Anders Hagstrom Fox News
Published March 25, 2024 11:33am EDT
An appeals court slashed former President Donald Trump's bond payment on Monday, saying Trump must pay $175 million within the next 10 days.
Trump had previously faced a Monday deadline to pay a $464 million bond payment that came as a result of civil fraud allegations from New York Attorney General Letitia James.
Trump, the 2024 presumptive GOP presidential nominee, and his legal team had appealed and requested a stay on his $454 million civil fraud judgment. Trump's legal team said the initial requested bond was "unprecedented for a private company," and said to post it in the judgment's full amount was a "practical impossibility."
A New York Appeals Court, hours before the deadline to post the $464 million, lowered that bond considerably. The court ordered that Trump post $175 million within 10 days.
If Trump does post the $175 million by the new deadline, it would effectively block James from attempts to seize Trump's assets, as he continues to appeal the judgment by New York Judge Arthur Engoron.
Trump has vowed to fight the case "all the way up to the U.S. Supreme Court if necessary."
more
https://www.foxnews.com/politics/trumps-454m-judgment-bond-slashed-more-than-half-appeals-court-ruling