NY AG asks Trump civil fraud judge to declare $175M bond ‘without effect’
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NY AG Letitia James asks judge to void Trump's $175M bond in civil fraud case
New York Attorney General Letitia James is pushing the judge in former President Donald Trump's civil fraud case to void the $175 million bond that Trump previously posted to appeal his New York civil lawsuit. In her 26-page filing obtained by Fox News Digital, James questions whether the insurance company has sufficient funds to back it up. Trump’s bond was posted by California-based Knight Specialty Insurance Company (KSIC), but James argued that the insurer was "not authorized" to write...
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New York AG Letitia James asks judge to void Trump's bond in his civil fraud verdict
New York Attorney General Letitia James on Friday asked that a judge void former President Donald Trump's bond in his civil fraud case, questioning whether the company that issued it has the funds to back it up. In a 26-page filing ahead of a pre-scheduled hearing on Monday, James expressed concern about whether Knight Specialty Insurance Company could secure the $175 million bond. She also argued that the collateral put up by the former president should be under the full control of the company....