"Trump's Legal Woes: Struggle to Secure Bond for $454M Civil Fraud Judgment"
TL;DR
Donald Trump's lawyers argue that he cannot post a bond covering the full $454m civil fraud judgment against him in New York, claiming it is a "practical impossibility" after 30 surety companies turned him down. They state that bonding companies are unwilling to issue a bond of such size and would only accept cash or cash equivalents as collateral. Trump's legal troubles also include a defamation case and an unprecedented slate of criminal charges. Despite these challenges, he remains a dominant figure in the Republican presidential primary and is expected to face Joe Biden in the November election.
- Trump lawyers say he can’t post bond covering $454m civil fraud judgment The Guardian US
- Trump’s New York properties may be on the chopping block soon CNN
- Trump Spurned by 30 Companies as He Seeks Bond in $454 Million Judgment The New York Times
- Opinion | Trump’s civil fraud fees are above his budget. Is anyone surprised? The Washington Post
- Legal experts weigh in on Trump’s options after failure to secure $464M appeal bond: ‘uncharted territory’ Fox News
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Read on The Guardian US