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Wednesday, May 08th

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You are here News Politics NY state is demanding more information on Trump’s $175 million appeal bond in civil fraud case

NY state is demanding more information on Trump’s $175 million appeal bond in civil fraud case

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Letitia JamesDays after former President Donald Trump posted a $175 million bond to block New York state from imminently collecting on a huge civil fraud judgment, state lawyers Thursday called for more information on the bond’s bona fides.

State Attorney General Letitia James’ office filed papers giving Trump’s lawyers or the bond underwriter 10 days to “justify” the bond — essentially, to show that the company can make good on it. That could mean disclosing more about the collateral Trump provided.

A hearing was set for April 22.

One of Trump’s lawyers, Christopher Kise, said James was trying to provoke a “baseless public quarrel in a desperate effort to regain relevance” after an appeals court last month significantly cut the amount of the bond needed to hold off collection.

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