A New York appeals court on Monday ruled former President Donald Trump can post $175 million as a bond while he appeals a civil judgment that found him liable for business fraud, extending the presumptive GOP presidential nominee a major financial lifeline.
A New York appeals court on Monday ruled former President Donald Trump can post $175 million as a bond while he appeals a civil judgment that found him liable for business fraud, extending the presumptive GOP presidential nominee a major financial lifeline.
The decision significantly cut the bond amount from $464 million to a more manageable amount for Mr. Trump, who’d struggled to cobble together the higher amount.
He faced a Monday deadline to post the bond or face seizure of some of his assets, but the court gave him 10 additional days to gather the smaller amount. Mr. Trump said he would post the reduced amount.
“I’ll post either $175 million in cash — or bonds or security or whatever is necessary — very quickly within the 10 days,” Mr. Trump told reporters at a Manhattan courthouse, where he attended a hearing on a separate criminal case.
