Today: Judge Hears Challenge To Trump’s $175M Bond

Reuters reports:

The insurer that provided Donald Trump a $175 million bond in his New York civil fraud case will try to convince a state judge on Monday that it is qualified and financially strong enough to issue the guarantee.

The bond issued by Knight Specialty Insurance Co is meant to secure Trump’s compliance with a $454.2 million judgment won by state Attorney General Letitia James if he does not succeed in an appeal. Knight is owned by billionaire Trump supporter Don Hankey.

James, a Democrat, challenged the bond this month, saying Knight lacked a “certificate of qualification.” The state attorney general filed court papers on Friday questioning whether the bond is backed by secure assets.

Read the full article.

The company that provided Donald Trump with a $175 million bond in his New York civil fraud case said it had ‘substantial financial credibility,’ and rejected a suggestion by the state’s attorney general that it wasn’t qualified to provide help https://t.co/S2vnAUh4wO pic.twitter.com/BXx2soErWg

— Reuters Legal (@ReutersLegal) April 22, 2024