Friday, April 5, 2024

Hold the presses

The $175 million bond in former President Trump’s civil fraud trial is at risk after the New York attorney general’s office questioned the qualifications of the California-based company that posted it.

State lawyers wrote in a brief court notice Thursday that they take “exception to the sufficiency of the surety,” secured from Knight Specialty Insurance Company.

The notice requires Trump or the insurance company to demonstrate that the company is financially capable of paying the bond amount if Trump loses on appeal and that the bond is appropriately collateralized.

  The Hill
I can understand their concern.
The New York attorney general’s office separately asked Engoron on Thursday to direct the independent monitor he appointed to oversee the Trump Organization’s business dealings — one of the penalties he imposed — to investigate whether the defense “withheld relevant and responsive information” during the trial.

[...]

[Judge] Engoron scheduled a hearing for April 22 to discuss the matter — which is expected to be one week into Trump’s criminal trial in Manhattan.

 UPDATE 04:25 pm:


UPDATE 04/07/2024:




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