Former President Donald Trump returns from a lunch break at Manhattan criminal court as jury selection continues in New York on April 18, 2024.
The New York Attorney General's office on Friday asked a judge to effectively void a $175 million bond posted by former President Donald Trump to secure a much larger monetary damage award in his civil business fraud case as he appeals the judgment.
The AG's office in a filing said Trump and other defendants in the case had failed to show there is enough identifiable collateral to back the bond for the judgment in Manhattan Supreme Court.
The filing opposes a joint motion by Trump and KSIC to justify the insurer as the surety company holding the bond.
Lawyers for AG Letitia James asked Judge Arthur Engoron to require Trump and other defendants to put up a replacement bond within seven days of ruling on the issue.
Trump personally was ordered to pay $454 million in damages, an amount that is growing every day with interest.
Trump was required under New York law to post a bond to guarantee the judgment as he appeals the decision. »