On Wednesday, a New York appeals court judge ruled on an emergency motion from former President Donald Trump and his co-defendants in their civil fraud trial. Through that motion, Trump argued that any efforts by New York Attorney General Letitia James to enforce the judgment in the case — including the $454 million judgment against him, which includes still-accruing interest — should be stayed so that he can appeal that judgment and related decisions.
But because he apparently does not have sufficient liquidity and/or cannot obtain a bond on favorable terms, he asked a New York state appeals court to grant him a stay on different — and more favorable — terms. Specifically, his lawyers conceded something Trump himself likely would never admit: Or put another way, if you force Trump to post a bond worth 100% of the judgment, he’ll likely have to sell off real estate.
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Source: MSNBC - 🏆 469. / 51 Read more »