By JENNIFER PELTZ (Associated Press) NEW YORK (AP) — New York state lawyers urged an appeals court Wednesday not to buy former President Donald Trump’s claims that it’s impossible…
FILE – Former President Donald Trump speaks after exiting the courtroom for a break at New York Supreme Court, Dec. 7, 2023, in New York. New York State Lawyers urged an appeals court Wednesday, March 20, 2024, not to buy Trump’s claims that he cannot find a way to post a bond fully covering a $454 million civil fraud judgment while he appeals.
He suggested those alternatives could include dividing the total among multiple bonds from different underwriters — or letting a court hold some of Trump’s real estate while he appeals. The ex-president is challenging a judge’s ruling last month that he, his company and key executives inflated his wealth on financial statements that were used to get loans and insurance.
“They don’t even give you a chance to appeal. They want you to put up money before the appeal. So if you sell a property or do something, and then you win the appeal, you don’t have the property,” Trump said on WABC’s “Sid & Friends In The Morning.” But in a court filing Monday, Trump’s lawyers asked the state’s intermediate appeals court to excuse him from having to post a bond for the $454 million judgmen t in the business fraud case.
But Fan, the lawyer in the attorney general’s office, wrote Wednesday that “there is nothing unusual about even billion-dollar judgments being fully bonded on appeal,” citing a handful of cases. They largely involved publicly traded companies.
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