NY attorney general says appeals court should disregard Trump’s claim it’s impossible to get a bond

The office of New York Attorney General Letitia James refuted Donald Trump’s assertion that he cannot secure an insurance company to back his $464 million bond in the civil fraud case.

They urged a state appeals court to dismiss this claim.

“Defendants here had no reason to wait for their reply to raise their allegations and arguments about the difficulty of obtaining a bond, as their efforts to obtain that bond began before their stay motion was filed and indeed before judgment was even entered,” the state attorneys wrote.

On Monday, lawyers representing Trump asserted that securing a bond was highly challenging, citing rejections from 30 insurance companies.

They informed the appeals court that insurers demanded cash or stock collateral amounting to roughly half a billion dollars, refusing to accept real estate as collateral, CNN reported.

READ MORE: https://www.cnn.com/2024/03/20/politics/trump-civil-fraud-bond/index.html

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