The ex-president’s lawyers have said underwriters wanted 120% of the judgment and wouldn’t accept real estate as collateral. That would mean tying up over $557 million in cash, stocks and other liquid assets, and Trump’s company needs some left over to run the business, his attorneys have said.
They asked an appeals court to freeze collection without his posting a bond. The attorney general’s office objected, saying he hadn’t explored every option for covering the amount.
The appeals court “chose a middle ground” by still requiring Trump to put up money but lowering the amount, Naftalis said.
WTF Reuters? Your headline is not what happened. You admit this in your first line.
Donald Trump won a bid on Monday to pause his $454 million civil fraud judgment if he posts a smaller $175 million bond within 10 days, in a victory for the former U.S. president that blocks New York state authorities from taking steps to seize his assets.
Headline: Trump wins pause of $454 million civil fraud ruling, averting asset seizures https://www.reuters.com/legal/trump-has-hours-cover-454-million-judgment-or-risk-property-seizure-2024-03-25/