State Appeals Court Reduces Bond To $175 Million In Trump New York Civil Fraud Case

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In a significant development, a state appeals court has reduced the bond for Donald Trump and his co-defendants in a New York civil fraud case from $464 million to $175 million. The decision, made by judges appointed by Democratic governors, offers Trump temporary relief from collection efforts by the state Attorney General's office. Despite ongoing legal battles, including Trump's plans to appeal further, his business ventures continue, with shareholders approving a merger that could potentially bring significant wealth to the former president.

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In a last-minute decision, a state appeals court has granted former President Donald Trump and his co-defendants in the New York civil fraud case a significant reprieve. Originally facing a daunting $464 million judgment due on Monday, they now have 10 days to post a reduced bond of $175 million.

The ruling, issued by a panel of state Appellate Division judges appointed by Democratic governors, marks a notable victory for Trump. His legal team had argued that raising the larger bond amount was practically impossible. Additionally, the decision temporarily prevents the state Attorney General Letitia James’ office from collecting on the judgment.

Expressing gratitude for the ruling, Trump stated to reporters outside a New York courtroom, "I greatly respect the decision of the appellate division and I’ll post the $175 million in cash or bonds or security or whatever is necessary very quickly within the 10 days."
Before the ruling, Trump faced increasing liability due to added interest, with the amount owed ballooning by over $111,000 daily. Despite claims of having substantial cash reserves, Trump's lawyers struggled to secure a bond, citing difficulties in finding companies willing to accept real estate as collateral.

In addition to reducing the bond amount, the appeals court's decision stays certain provisions of the original judgment, including restrictions on Trump's ability to serve as a public officer of a company. However, the court rejected requests to prohibit an independent monitor or install an independent director of compliance.

Reacting to the ruling, the Attorney General's office emphasized that Trump remains accountable for his actions, reaffirming the $464 million judgment plus interest. Meanwhile, Trump celebrated the decision on social media, criticizing the judge who presided over the case and reiterating his innocence.

Alina Habba, Trump's lawyer, hailed the ruling as a crucial step in challenging what she described as a targeted "witch hunt" by Letitia James. Trump has vowed to appeal the case further, potentially all the way to the U.S. Supreme Court.
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• SEE: Trump Media's DWAC Merger Receives Regulatory Green Light Opening Path To A $4 Billion Stake for Donald Trump

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Despite ongoing legal battles, with shareholders approving a merger between Digital World Acquisition Corp. and Trump Media & Technology Group. shares in the newly formed Trump Media, which includes his social media platform Truth Social, could soon be publicly traded, expecting to bring significantly more wealth to the former president. However, restrictions prevent Trump from selling shares for at least six months, pending approval from the company's board of directors.