Trump lawyers acknowledge civil fraud bond was issued without 'certificate of qualification' [View all]

Source: Law & Crime

Apr 16th, 2024, 9:01 am


The saga of Donald Trump’s efforts to secure a $175 million bond so he can appeal his massive civil fraud judgment continues, as attorneys on behalf of Knight Speciality Insurance Company (KSIC) and the former president have rejected the New York attorney general’s complaints about the “sufficiency of the surety to the undertaking.”

In early April, Knight and its owner Don Hankey entered the case to prevent New York Attorney General Letitia James (D) from collecting on the $454 million civil fraud judgment by seizing Trump’s properties. The bond got off to a rocky start, but once a corrected version was filed, James took “exception” to it.

On April 4, James said that the bond was issued “without a certificate of qualification pursuant to Insurance Law § 1111” and that the Trump defendants or KSIC had to file, within 10 days, documents to “justify the surety.”

In a series of Monday filings, including a memorandum, affirmations in support, and exhibits, Trump attorneys and KSIC lawyers jointly filed to say that James’ “rare” exception “should be set aside” and that her office should be on the hook for the costs “incurred” by forcing their response.

Read more: https://lawandcrime.com/high-profile/not-the-only-evidence-of-justification-trump-lawyers-acknowledge-civil-fraud-bond-was-issued-without-certificate-of-qualification-but-say-ags-complaint-should-be-set-aside-anyway/