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She, susan mcdugal and cohen are all going to testify in the ny case. Should be fun.
She, susan mcdugal and cohen are all going to testify in the ny case. Should be fun.
LOL
Trump has been unable to get bond for $464 million judgment, his lawyers say
In a filing to an appeals court, Trump's attorneys said getting the bond needed to halt proceedings while they appeal is a "practical impossibility."www.nbcnews.com
Former President Donald Trump has not been able to get a bond to secure the $464 million fraud judgment against him, his lawyers said in a court filing Monday.
Trump and his company need to post a bond for the full amount by next week in order to stop New York Attorney General Letitia James from being able to collect while he appeals. They've asked an appeals court to step in in the meantime and said Monday that they have not had any success getting a bond.
"Defendants’ ongoing diligent efforts have proven that a bond in the judgment’s full amount is 'a practical impossibility,'" the filing said. "These diligent efforts have included approaching about 30 surety companies through 4 separate brokers."
Their efforts, including “countless hours negotiating with one of the largest insurance companies in the world,” have proven that “obtaining an appeal bond in the full amount” of the Judgment “is not possible under the circumstances presented,” the filing said.
The other bond companies will not “accept hard assets such as real estate as collateral,” but “will only accept cash or cash equivalents (such as marketable securities),” the filing said. He also noted those companies typically “require collateral of approximately 120% of the amount of the judgment” — which would total about $557 million.
"In addition, sureties would likely charge bond premiums of approximately 2 percent per year with two years in advance—an upfront cost over $18 million," the filing said. That $18 million would not be recoverable even if Trump wins his appeal.
In all, the filing said, the "actual amount of cash or cash equivalents required 'to collateralize the bond and have sufficient capital to run the business and satisfy its other obligations' approach[es] $1 billion."
While the filing says Trump can't afford the bond, it also argues that the attorney general doesn't have to worry about being able to collect her judgment.
"Defendants’ real estate holdings — including iconic properties like 40 Wall Street, Doral Miami, and Mar-a-Lago, — greatly exceed the amount of the judgment. Such assets are impossible to secrete or dispose of surreptitiously, leaving the plaintiff effectively secured during the pendency of an appeal," the filing said.
Trump's team also argued the $464 million penalty is “grossly disproportional” and cited the argument they made throughout the months-long trial that "there are no victims, as there were no damages and no financial losses."
In a filing last month, Trump's lawyers asked that the bond amount be reduced to $100 million, but Monday's filing argues he shouldn't have to put up any bond at all.
James' office has argued that Trump should put up the full amount.
A 30-day automatic stay of the judgment handed down by Judge Arthur Engoron is set to expire March 25, at which point James would be clear to start seizing Trump's assets unless the appeals court steps in.
James would not need an additional court order to start collecting in New York, where Trump has his company and a large number of real estate assets, but those efforts could be complicated by any mortgages or debts he has on those properties. It’s unclear what properties or assets James might look to seize.
Trump also asked that if the state Appellate Division denies his request, they enter a temporary stay so he can try to make his case to the state's highest court, the Court of Appeals.
In a separate case in New York federal court, Trump last week posted a $91 million bond to secure writer E. Jean Carroll's $83 million defamation judgment against him while he appeals that verdict as well.
stefanie lambert is no longer on the lamb
the election fraud conspiracist, charged with gaining illegal access to voting equipment in the wake of the 2020 election: undue possession of a voting machine, conspiracy to commit undue possession of a voting machine, conspiracy to commit unauthorized access to a computer system, and willfully damaging a voting machine, who is also a lawyer and representing a client who Dominion is currently suing, has now been arrested.
now she's reached the finding out phase. she doesn't seem to want to care to follow the judges orders. keep this fraudy heap of maga trash in pre-trial detention.
Cannon is really pushing it here. What is going on here
Cannon is really pushing it here. What is going on here
I knew the case was going to be fucked as soon as i learned cannon isnt her birthname and shes a conservative cuban. They are crazier than right wing evangelicals.I think the idea is to do as much deranged shit as possible without actually entering a ruling on anything.
She's hoping she will be able to trigger Jack Smith into an 11th circuit appeal before an actual ruling so that they can't do much about it?
I used to think you had to be fairly intelligent to be a lawyer/judge, but that is clearly not the case.
Somebody's got to be the bottom 5% of the class, and apparently they all vote for the MAGA Smoothbrain coalition.
this kind of shit is going to have jack smith going straight to the 11th circuit and turfing this judge.
and wtf is this shit?
you're late to the party ya dumb cunt. you dont get to rule on this matter, the circuit court already struck your ass down.
Her mom was Cuban, but she was born in Columbia.I knew the case was going to be fucked as soon as i learned cannon isnt her birthname and shes a conservative cuban. They are crazier than right wing evangelicals.
Trying to gauge the success of your prayers, are you?How many counts are we down to that can happen before the election?
Trying to gauge the success of your prayers, are you?
I kind of wished you stupid fuckers would get along because in the end its just a guy who failed.
Eeeeeeeheeheeheeeeeehaha hehe hoho
Trump says he’d have to hold ‘fire sale’ of properties to meet $464M bond
Former President Trump argued Tuesday he would have to take extreme measures in order to pay a $464 million bond due next week in his New York civil fraud case, such as selling some of his properti…thehill.com
He flies under the radar a bit, but out of all the MAGA related characters, he truly is one of the weirdest.https://storage.courtlistener.com/recap/gov.uscourts.dcd.234316/gov.uscourts.dcd.234316.75.0.pdf
so dominion is also suing patrick byrne, former overstock CEO, for defamation. dominion has just filed a motion to disqualify patrick byrne's lawyer from the case. who is his lawyer? stefanie lambert, who was recently indicted in michigan for tampering with voting machines and now has an arrest warrant because she failed to comply with court orders.
imagine getting sued by a voting machine company for defamation and then choosing to be represented by someone who was involved in a scheme to tamper with voting machines.
I think the NY fraud and Federal election interference charges both still have a chance to go to trial before then. 4 counts in the federal one, not sure about NY. We still await the SCOTUS ruling on presidential immunity, though. April something, if I am not mistaken.How many counts are we down to that can happen before the election?
Trying to gauge the success of your prayers, are you?