Headline Roundup • March 25th, 2024
Appeals Court Allows Trump to Post $175M Bond While Appealing Larger Amount
Summary from the AllSides News Team
A New York appeals court on Monday allowed former President Donald Trump 10 days to post a reduced bond of $175 million while he appeals the $454 million civil fraud judgment against him.
The Details: The decision came less than a day before a Monday night deadline to post bond, which Trump had not met; the former president’s lawyers had argued that he couldn't pay such a large sum outright. New York Attorney General Letitia James had begun preparations to seize Trump's property to satisfy the judgment. The appeals court also lifted restrictions against Trump and his sons running New York businesses, at least while Trump appealed the fraud ruling.
Key Quote: “We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash,” Trump said on Truth Social on Monday.
How the Media Covered It: Coverage was initially somewhat vague on whether the bond itself was reduced outright, or whether the $175 million was just a minimum preliminary amount while the appeal played out.
Featured Coverage of this Story
Ahmed Gaber for The New York Times
With Donald J. Trump on the clock to secure a nearly half-billion-dollar bond in his civil fraud case, a New York appeals court appears to have handed the former president a lifeline on Monday, saying it would accept a far smaller bond of $175 million.
The ruling by a five-judge panel of appellate court judges was a crucial and unexpected victory for the former president, potentially staving off a looming financial disaster. Had the court denied his request — and had he failed to obtain the full bond — Mr....
Joe Raedle/Getty Images
An appeals court slashed former President Trump's bond payment on Monday, saying Trump must pay $175 million within the next 10 days.
Trump had previously faced a Monday deadline to pay a $464 million bond payment that came as a result of civil fraud allegations from New York Attorney General Letitia James.
A New York Appeals Court, hours before the deadline to post the $464 million, lowered that bond considerably. The court ordered that Trump post $175 million within 10 days.
Trump said he will "abide" by the appeals decision...
Justin Lane | Afp | Getty Images
A New York appeals court on Monday paused for 10 days a massive civil business fraud judgment against Donald Trump — and sharply reduced to $175 million the bond amount he will have to post to obtain a longer stay of that award.
The ruling came the same day that New York Attorney General Letitia James would have been allowed to start seizing the former president’s real estate assets and bank accounts to satisfy the $454 million-and-rising judgment after he failed to obtain an appeal bond.
James is prevented from...
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