NY Says Trump Should Post Full Bond During Fraud Case Appeal

March 12, 2024

(Bloomberg) -- The New York attorney general disputed Donald Trump’s claim that he may have to sell properties at a loss to secure the bond necessary to appeal a $454 million civil fraud fine. To put the damage award on hold while he appeals, Trump must post a bond for at least 110% of the total by March 25. His bond in that case was arranged by Chubb Ltd.’s Federal Insurance Co.Read More: Trump Warns of Losses on Forced Sales During Property SlumpJames argued that without a full bond, Trump could attempt to avoid paying the fine if his appeal fails. After that, a panel of appeals court judges could hold a hearing or issue a ruling without one. The case is New York v. Trump, 452564/2022, New York State Supreme Court (Manhattan).