Donald Trump’s Lawyers Say They Have Been Unable To Secure Bond For $464 Million Fraud Judgment

deadline.com:

Attorneys for Donald Trump said that they have been unable to secure a bond as they appeal his $464 million civil fraud judgment.

In a filing to the New York appeals court, his lawyers wrote that the amount of the judgment, along with interest, is of such a sum that “few bonding companies will consider a bond of anything approaching that magnitude.” “The practical impossibility of obtaining a bond interferes with Defendants’ right to appeal and threatens this Court’s appellate jurisdiction,” Trump’s legal team argued in the filing.

Trump’s team is asking for a stay, something that would at least temporarily prevent Attorney General Letitia James from collecting the sum.

Trump’s attorneys said that they had approached about 30 surety companies through four separate brokers. They wrote that obtaining the appeal bond in the full amount was “not possible under the circumstances presented.” The former president has to secure the judgment against him and his companies to prevent the attorney general from collecting as his legal team pursues an appeal.