NEW YORK: The New York appeals court on Monday (Mar 25) agreed to hold off collection of former President Donald Trump’s more than $454 million civil fraud judgment if he puts up $175 million within 10 days. That s
Former US President Donald Trump attends the Trump Organization civil fraud trial, in New York State Supreme Court in the Manhattan borough of New York City, US, Nov 6, 2023. NEW YORK: The New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s more thanif he puts up $175 million within 10 days. That stops the clock on the collection and prevents the state from seizing the presumptive Republican presidential nominee's assets while he appeals.
Trump was attending a separate hearing in a criminal hush money case, also in New York, in which the judge has set a new trial date of April 15. He said he would post a bond, securities or cash to cover the $175 million sum in the civil case.Speaking in a courthouse hallway, Trump revisited his oft-stated complaints about civil trial Judge Arthur Engoron and the penalty imposed.
Monday's ruling came from a five-judge panel in the state’s intermediate appeals court, called the Appellate Division, where Trump is fighting to overturn a Feb 16 decision. Trump attorneys Alina Habba and Christopher Kise characterized Monday’s ruling as a key first step. Engoron ordered Trump to pay $355 million, plus interest. Some co-defendants, including Donald Trump Jr. and Eric Trump, were ordered to pay far smaller amounts. Monday’s ruling also puts those on hold if the $175 million bond is posted.
Trump maintained on social media on Friday that he has almost $500 million in case but on Monday said that he'dHe asserted that James and Engoron, who's also a Democrat, “don’t want me taking cash out to use it for the campaign.” Under New York law, filing an appeal generally doesn't hold off enforcement of a judgment. But there's an automatic pause if the person or entity posts a bond covering what's owed. Many defendants can get such a bond, but “judgments of this size are rare,” said Joshua Naftalis, a former federal prosecutor now in private practice. “What makes this one unusual is someone who is subject to an enormous amount of money and has to come up with it himself,” Naftalis said.
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