FILE - Republican presidential candidate former President Donald Trump speaks at a campaign rally, March 9, 2024, in Rome Ga. Trump's lawyers kept pressing an appellate court Wednesday, March 20, to excuse him from covering a $454 million fraud lawsuit judgment for now, saying he'd suffer irreparable harm" before his appeal is decided.
The financial requirement is “patently unjust, unreasonable and unconstitutional," one of the presumptive Republican presidential nominee's lawyers, Clifford Robert, wrote in a letter to a New York appeals court.
Appealing doesn't, in itself, halt collection. But Trump would automatically get such a reprieve if he puts up money, assets or an appeal bond covering what he owes.They added that underwriters insisted on cash, stocks or other liquid assets instead of real estate as collateral and wanted 120% of the judgment, or more than $557 million. Trump's company would still need to have cash left over to run the business, his attorneys have noted.that Trump could explore other options.
Robert, Trump's attorney, said in his letter Thursday that the divide-and-bond strategy wouldn't make a difference because it still would require $557 million in liquid assets as collateral. Having a court hold real estate during the appeal is “impractical and unjust” and essentially amounts to what aA message seeking comment was sent to James' office.
Trump called the bond requirement “crazy,” in all capital letters, in a post Wednesday on his Truth Social platform.Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.
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