Trump Gets a Massive Lifeline on Half-Billion-Dollar Bond
A state appellate court swooped in to save Donald Trump on Monday, just as the clock ran out on a half-billion-dollar bond he was due to post to hold off the New York Attorney General from seizing his properties.
In a curtly-worded two-page order that didn’t explain their reason for giving Trump a last-minute grace period, five judges simply said that AG Letitia James can’t yet enforce the $464 million judgment against Trump—as long as Trump can post a much lower bond of $175 million within the next 10 days.
Trump recently revealed that he couldn’t find any surety company willing to be on the hook for the half billion dollars it would take to halt property seizures while the case is on appeal. But this decision vastly lowers the sum required to stop the AG for now.