NY AG asks court to ignore Trump claim that posting $464M bond is 'practical impossibility'

From WWW.FOXNEWS.COM

New York Attorney General Letitia James' office is pushing back against former President Trump's claim that securing a bond in his civil case is a "practical impossibility."

In a document filed by Senior Assistant Solicitor General Dennis Fan, the attorney general urged the court to disregard Trump's request for a stay on his $464 million civil fraud judgment, calling his demand "extraordinary" and "improper."

"[T]he Court should not consider defendants’ new allegations and arguments – which contend that a full bond or deposit is a 'practical impossibility' […] because they are procedurally improper," the document states.

It continues, "Indeed, defendants here had no reason to wait for their reply to raise their allegations and arguments about the difficulty of obtaining a bond, as their efforts to obtain that bond began before their stay motion was filed and indeed before judgment was even entered."

Trump’s filing on Monday said, "ongoing diligent efforts have proven that a bond in the judgment’s full amount is ‘a practical impossibility.’"

The filing also said efforts were made to approach about 30 surety companies through four separate brokers.

"A bond requirement of this enormous magnitude – effectively requiring cash reserves approaching $1 billion […] is unprecedented for a private company," the Trump filing read.

The Wednesday filing from the New York Attorney General's Office pushed back on that claim.... (Read more)

Submitted 31 days ago


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