A New York appellate court on Wednesday denied Donald Trump’s attempt to freeze the judgment in his civil fraud case, a ruling that means, for now, that the former president is required to post a bond for hundreds of millions of dollars in the coming weeks.
Judge Anil Singh declined to address the amount of the bond, effectively requiring Trump by default to post a bond for the full judgment of $454 million.
Defense attorneys had said Trump was prepared to post a $100 million bond, arguing he had no way to secure a higher amount without selling off some of his real estate. A bond to cover the judgment in the case would have to be at least 120% of the total judgment — more than $550 million, attorneys said.
“In the absence of a stay on the terms herein outlined, properties would likely need to be sold to raise capital under exigent circumstances, and there would be no way to recover any property sold following a successful appeal and no means to recover the resulting financial losses from the Attorney General,” defense attorneys argued.
Judge Singh did agree to pause the enforcement of the part of the judgment that prohibited Trump and his sons from running their family business for the next several years. The ruling means the former president, Donald Trump Jr., and Eric Trump can remain in charge of the Trump Organization for the time being.
https://abcnews.go.com/US/trump-plans-post-100-million-bond-asks-stay/story?id=107634579