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submitted 8 months ago by MicroWave@lemmy.world to c/news@lemmy.world

Judge Arthur Engoron said he wants the company to inform the court-appointed monitor in advance of "any efforts" to get a bond.

The judge who handed down a $464 million judgment against Donald Trump, his company and co-defendants in a civil fraud case has ordered the Trump Organization to keep the court closely informed about any efforts to secure a bond ahead of Monday’s deadline.

New York state Judge Arthur Engoron said Thursday that Trump's company needs to provide details to a court-appointed monitorabout attempts to obtain a bond that would stop authorities from collecting on the judgment while it appeals last month's ruling. The monitor, former federal Judge Barbara Jones, is to report regularly to Engoron.

"The Trump Organization shall inform the Monitor, in advance, of any efforts to secure surety bonds," Engoron said in his order, as well as "any personal guarantees made by any of the Defendants," which would include the former president.

The order — part of a larger ruling detailing and expanding the monitor's duties — comes days before the deadline for Trump and his co-defendants to secure a bond that would stop New York Attorney General Letitia James' office from being able to collect on the judgment while they appeal Engoron's ruling.

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[-] Xtallll 36 points 8 months ago* (last edited 8 months ago)

No one will give him the $500 milion he needs, he even put up a 5 acer lot on the edge of Mara Lago, valued at $34 trillion as collateral.

[-] YaDownWitCPP@lemmy.world 8 points 8 months ago

So generous; who could possibly scoff at a deal like that‽

this post was submitted on 22 Mar 2024
225 points (100.0% liked)

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