Former President Trump and his legal team are facing challenges from New York Attorney General Letitia James in their ongoing legal battle. Trump’s lawyers have criticized James’ attempts to block his appeal and force a property sale as the deadline for him to post a bond looms. The appeal is in response to a $464 million civil fraud judgment against Trump.
Trump’s lawyers argue that posting the bond in its full amount is a “practical impossibility” and that the requirement is unprecedented for a private company. They have requested a stay on the judgment and have approached about 30 surety companies in an attempt to secure the bond. However, they claim that the magnitude of the bond requirement, which is close to $1 billion, makes it extremely difficult to fulfill.
Attorney General James has pushed back against Trump’s request for a stay, calling it “extraordinary” and “improper.” She believes that Trump should be able to secure the full bond through multiple sureties or by offering his real estate holdings as collateral.
In response, Trump attorney Clifford S. Robert argues that James’ efforts are unconstitutional. He claims that requiring Trump to sell properties, especially in a “fire sale,” in order to appeal the judgment would cause irreparable harm. Robert also argues that the bond condition imposed by James and the Supreme Court of New York is unreasonable and unjust under both federal and state constitutions.
Despite the challenges they are facing, Trump and his legal team are determined to exhaust all options. They have not ruled out any potential courses of action and are prepared for any outcome. If their appeal is granted, the judgment bond could be significantly reduced, but it remains to be seen how the court will rule.
Overall, the legal battle between Trump and Attorney General James continues to unfold, with both sides presenting their arguments and seeking favorable outcomes. The outcome of this case will have significant implications for Trump and his financial obligations.
