Trump's $175 million bond in New York civil fraud judgment case is settled with cash promise
NEW YORK (AP) — New York state lawyers and an attorney for former President Donald Trump settled their differences Monday over a $175 million bond that Trump posted to block a large civil fraud judgment while he pursues appeals.
The agreement cut short a potential day-long court hearing in Manhattan that was to feature witnesses.
As part of a deal struck during a 20-minute recess, lawyers for Trump and Knight Specialty Insurance Company agreed to keep the $175 million in a cash account that will gain interest but faces no downside risk. The account so far has grown by over $700,000.
The bond stops the state from potentially seizing Trump’s assets to satisfy the more than $454 million that he owes after losing a court case brought by the Democratic attorney general. She had alleged that Trump, along with his company and key executives, defrauded bankers and insurers by lying about his wealth.
Related articles
Verona confirms Serie A status for another year after beating Salernitana
SALERNO, Italy (AP) — Verona secured a place in next year’s Serie A after beating Salernitana 2-1 on2024-05-21Inside the boom: Why German companies flock to a Chinese town
* Some German entrepreneurs see China's market as a "gym" where multinational companies can experien2024-05-21China accelerates AI development to build AI innovation center
BEIJING, April 5 (Xinhua) -- China has attached great importance to artificial intelligence (AI) dev2024-05-21- Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
Dodgers acquire pitcher Yohan Ramírez from Mets for cash
LOS ANGELES (AP) — The Los Angeles Dodgers acquired pitcher Yohan Ramírez from the New York Mets for2024-05-21World Autism Awareness Day Marked at a Kindergarten in Beijing
Contact Us HomeNewsHighlightACWF NewsSocietyWom2024-05-21
atest comment