Appeals Court Allows Trump to Post $175M Bond While Appealing Larger Amount
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A New York appeals court on Monday allowed former President Donald Trump 10 days to post a reduced bond of $175 million while he appeals the $454 million civil fraud judgment against him.
The Details: The decision came less than a day before a Monday night deadline to post bond, which Trump had not met; the former president’s lawyers had argued that he couldn't pay such a large sum outright. New York Attorney General Letitia James had begun preparations to seize Trump's property to satisfy the judgment. The appeals court also lifted restrictions against Trump and his sons running New York businesses, at least while Trump appealed the fraud ruling.
Key Quote: “We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash,” Trump said on Truth Social on Monday.
How the Media Covered It: Coverage was initially somewhat vague on whether the bond itself was reduced outright, or whether the $175 million was just a minimum preliminary amount while the appeal played out.
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