Trump's $175 million bond in New York civil fraud judgment case is settled with cash promise
NEW YORK (AP) — New York state lawyers and an attorney for former President Donald Trump settled their differences Monday over a $175 million bond that Trump posted to block a large civil fraud judgment while he pursues appeals.
The agreement cut short a potential day-long court hearing in Manhattan that was to feature witnesses.
As part of a deal struck during a 20-minute recess, lawyers for Trump and Knight Specialty Insurance Company agreed to keep the $175 million in a cash account that will gain interest but faces no downside risk. The account so far has grown by over $700,000.
The bond stops the state from potentially seizing Trump’s assets to satisfy the more than $454 million that he owes after losing a court case brought by the Democratic attorney general. She had alleged that Trump, along with his company and key executives, defrauded bankers and insurers by lying about his wealth.
Related articles
Lidia Bastianich, Melody Thomas Scott and Ed Scott to receive Daytime Emmys lifetime achievement
LOS ANGELES (AP) — Public television host and cookbook author Lidia Bastianich, “The Young and the R2024-05-07Arizona is boosting efforts to protect people from the extreme heat after hundreds died last summer
TEMPE, Ariz. (AP) — Arizona’s new heat officer said Friday that he is working with local governments2024-05-07Swiss company to build $184 million metal casting facility in Georgia, hiring 350
AUGUSTA, Ga. (AP) — A Swiss company will build a plant in Georgia to make lightweight parts cast fro2024-05-07Narváez outsprints Giro d'Italia favorite Pogačar to win opening stage in Turin
TURIN, Italy (AP) — Ecuadorian cyclist Jhonatan Narváez marred Tadej Pogačar’s Giro d’Italia debut a2024-05-07- The glitterati descend on the Metropolitan Museum in New York tonight, the first Monday in May, for2024-05-07
Bella Hadid looks ethereal in a strapless white dress in NYC
Bella Hadid looked stunning in a strapless dress in New York City on Thursday - days after revealing2024-05-07
atest comment