Trump granted lower bond of $175 million, delaying civil fraud judgment enforcement
A New York appellate court has allowed former President Donald Trump to post a significantly reduced bond of $175 million to cover his $464 million civil fraud judgment.
This ruling has also extended the enforcement of the judgment by 10 days.
The move comes as a lifeline for Trump, averting immediate financial jeopardy.
The court’s acceptance of the lower bond marks an unexpected victory for Trump, potentially preventing the loss of control over his assets.
Trump’s attorneys argued obtaining the full bond was practically impossible.
Thirty companies had declined to offer Trump the necessary bond.
The appellate court’s decision grants Trump crucial time to secure his finances as he faces mounting legal challenges, including an $83.3 million defamation case.
New York Attorney General Letitia James remains determined to pursue enforcement actions if Trump fails to comply with the judgment.
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