New York Attorney General Letitia James' office submitted a filing pushing back against former President Donald Trump's claim that it is a 'practical impossibility' to secure such a large bond.
New York Attorney General Letitia James' office is pushing back against former President Trump's claim that securing a bond in his civil case is a 'practical impossibility.' In a document filed by Senior Assistant Solicitor General Dennis Fan, the attorney general urged the court to disregard Trump's request for a stay on his $464 million civil fraud judgment, calling his demand 'extraordinary' and 'improper.
The Wednesday filing from the New York Attorney General's Office pushed back on that claim. 'There is nothing unusual about even billion-dollar judgments being fully bonded on appeal,' the document states. 'Defendants object to a possible 'fire sale' if they were to sell assets to generate cash to use as collateral for a bond or as a deposit — but the alternative would be to shift the risk of executing on defendants' illiquid assets to OAG.
'efendants’ new factual allegations and legal arguments fail to support their extraordinary request for a stay based on a bond or deposit of less than one-fourth of the money-judgment amount. Defendants’ argument that obtaining a full bond is purportedly impossible is based on the false premise that they must obtain a single bond from a single surety for the entire judgment amount of $464 million,' the document states.
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