New York AG Asks Judge To Void Trump’s $175M Bond

The Hill reports:

The New York attorney general’s office has asked a judge to void the $175 million bond former President Trump secured to put off paying the larger monetary damage award in his civil fraud case.

State lawyers said in court filings Friday that the former president and his co-defendants — the Trump Organization and its top executives, including his two eldest sons — failed to prove the surety Trump used to obtain the bond actually has the money to back it.

Trump’s bond was secured by the California-based Knight Specialty Insurance Company. State lawyers argued Knight is a “small insurer that is not authorized to write business in New York” and, until Trump, had “never before written a surety bond in New York.”

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The New York attorney general’s office has asked a judge to void the $175 million bond former President Trump secured to put off paying the larger monetary damage award in his civil fraud case.https://t.co/hWCHIBneel

— The Hill (@thehill) April 20, 2024