Current location:International Issue news portal > sport
Trump's $175 million bond in New York civil fraud judgment case is settled with cash promise
International Issue news portal2024-04-23 15:42:37【sport】2People have gathered around
IntroductionNEW YORK (AP) — New York state lawyers and an attorney for former President Donald Trump settled the
NEW YORK (AP) — New York state lawyers and an attorney for former President Donald Trump settled their differences Monday over a $175 million bond that Trump posted to block a large civil fraud judgment while he pursues appeals.
The agreement cut short a potential day-long court hearing in Manhattan that was to feature witnesses.
As part of a deal struck during a 20-minute recess, lawyers for Trump and Knight Specialty Insurance Company agreed to keep the $175 million in a cash account that will gain interest but faces no downside risk. The account so far has grown by over $700,000.
The bond stops the state from potentially seizing Trump’s assets to satisfy the more than $454 million that he owes after losing a court case brought by the Democratic attorney general. She had alleged that Trump, along with his company and key executives, defrauded bankers and insurers by lying about his wealth.
Address of this article:http://www.olivelawfirm.net/tag/injury-lawyer-los-angeles/
Very good!(2299)
Related articles
- Jailed FTX founder Sam Bankman
- Expansion project of Boeing's first joint venture in China begins operation
- Museum visits surge in popularity this summer
- Writing New Stories of China
- An adored ostrich at a Kansas zoo has died after swallowing a staff member's keys
- Xi, Uruguayan President Hold Talks, Elevate Ties to Comprehensive Strategic Partnership
- Xi Focus: Xi Calls for Giving Better Play to Constitution's Role in Governance
- Return looted relics to countries of origin
- Kroger, Albertsons — still hoping to merge — agree to sell more stores to satisfy regulators
- The past continues to shape our future
Popular articles
Recommended
European nations with Patriot missiles hesitate to give the air defense systems to Ukraine
Sunbeams from the north
Xi Sends Congratulatory Letter to Liangzhu Forum
Living in a world of love like never before
KC Current owners announce plans for stadium district along the Kansas City riverfront
Xi Focus: China's Leadership Holds Symposium for Soliciting Advice on Economic Work
Xi Pledges to Work with Milei for Sound Development of China
Xi Urges Ceasefire in Gaza, Stresses Two
Links
- Federation Helps Women Understand Law
- Protecting Children's Safety
- Women's Social Organizations Provide Caring Services to Children
- Liaoning Helps Residents Improve Marital, Family Relations
- Women's Social Organizations Provide Caring Services to Children
- Shangrao Increases Efforts to Build Harmonious Communities
- Federation Helps Gansu Women Study, Use Laws
- Association Promotes Development of Scientific, Technological Women Workers
- Mechanism Protects Domestic Violence Victims
- Building a Beautiful Home