Trump legal team blasts ‘unconstitutional’ attempts to force property sale as deadline for $464M fine nears

Mar 21, 2024 | Political News

Lawyers for former President Trump are blasting New York Attorney General Letitia James’ “unconstitutional” attempts to block the GOP presumptive nominee’s appeal and force a property sale as the deadline for him to post hundreds of millions of dollars of bond in the case looms. 

Trump and his legal team have appealed and requested a stay on his $464 million civil fraud judgment. On Monday, his lawyers said that “ongoing diligent efforts have proven that a bond in the judgment’s full amount is a ‘practical impossibility,’” amid attempts to approach about 30 surety companies. 

The lawyers said the “enormous magnitude” of the bond requirement, which effectively requires cash reserves approaching $1 billion, is “unprecedented for a private company.”