Trump challenges Letitia James' objection to his $175M bond
11 months, 1 week ago

Trump challenges Letitia James' objection to his $175M bond

Raw Story  

Donald Trump's lawyers argued in a new court filing that New York Attorney General Letitia James was wrong to object to his $175 million bond. KSIC was and is authorized to issue the Bond here, and the Bond is more than sufficiently collateralized in the event the Court’s judgment is affirmed.” The attorney general had argued earlier this month that Knight Specialty Insurance Company, which put up the bond for him, was not admitted to practice in New York, but attorneys for the firm and the former president filed a large number of documents that purportedly demonstrate the firm has the financial backing to issue the bond and argued that Trump fully supported the bond with cash. "In a series of Monday filings, including a memorandum, affirmations in support, and exhibits, Trump attorneys and KSIC lawyers jointly filed to say that James’ 'rare' exception 'should be set aside' and that her office should be on the hook for the costs 'incurred' by forcing their response," Law and Crime reported. The lawyers argued that New York Supreme Court justice Arthur Engoron, who oversaw the fraud trial and imposed the penalty, could “justify a surety in the absence of a certificate” of qualification based on “overwhelming” evidence in court filings that the bond was collateralized in cash held in a Charles Schwab brokerage account over which KSIC has the authority to take control.

History of this topic

'Wrong on the law': Prosecutors slap back at Trump's latest effort to dodge $464M payment
7 months ago
Trump makes extra concessions on $175M bond in $450M civil fraud case: analysis
11 months ago
Trump reaches deal with New York AG Letitia James over multi-million dollar civil fraud bond
11 months ago
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1 year ago
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1 year ago
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1 year ago
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1 year ago
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1 year ago
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1 year ago
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1 year ago
NY AG Says Court Should Reject Trump’s Request To Get Out Of Paying $464 Million Bond
1 year ago

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