Donald Trump’s problematic $175 million bond to cover his New York civil fraud appeal has raised questions about what exactly led to the rejection of his insurer’s paperwork, says a legal analyst.
The Trump Organization’s court-appointed monitor, Barbara Jones, likely has all the answers, MSNBC legal analyst, Lisa Rubin, wrote on X, formerly Twitter.
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“The financial statement that is missing does not seem to be Trump’s. Rather, the court appears to be demanding these documents from Knight Specialty Insurance Co. to ensure that the company is sufficiently capitalized and authorized to post the bond,” Rubin wrote on Wednesday.
“Meanwhile, we still don’t know what fee Trump paid for the bond or exactly what collateral he pledged,” Rubin added.
“But you know who likely DOES have all of those details? Retired federal judge Barbara Jones, the court-appointed monitor in the case. Under a 3/21/24 order, the Trump Org must give her advanced notice of their efforts to secure surety bonds.”
So far it seems that they are handling his bond like every other criminal. I don’t understand how it got reduced though.
Reducing the amount and the extensions is not handling it like every other criminal.
The reduction isn’t common, but it does happen. It’s often seen when the appeals court has reason to believe the original judgement will be reduced on appeal.
Interesting. Thank You