Donald Trump will only need to pay a reduced bond of $175 million to delay a $454 million civil-fraud judgment while he appeals the full amount, a New York state appellate court ruled Monday.
The decision alleviates some pressure on the presumptive GOP presidential nominee as he challenges the financial penalty stemming from an earlier ruling in a case in which New York state Attorney General Letitia James accused him of inflating his net worth to receive more favorable loans. Trump has 10 days to post the money, the court said. The last-minute reprieve came on the day James could start enforcing the judgment. While Trump only needs to pay a fraction of the judgment for now, he could still be on the hook for the full amount if he loses his appeal.
The former president had been trying to persuade an appeals-court panel to put the penalty on pause while he continued to challenge it. Trump’s legal team has said it is virtually impossible to secure a bond to cover the whole amount.
The appeals court also put on hold other penalties, including curbs on lending and Trump family members serving in leadership roles at the company. The court said the Trumps’ appeal needed to be ready for the court’s September session.
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