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Trump Got Appeal Bond (Edited)
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04-06-2024, 08:11 AM
(This post was last modified: 04-06-2024, 08:16 AM by The Real Marty. Edited 2 times in total.)
You guys are not required to respond to every insult with another insult. No one is going to think less of you if you just let it go. And if you are hurt by someone typing something about you on the internet, then you are a child.
Anyway, back to the subject. Trump may not have the bond after all. N.Y. AG skeptical of Donald Trump's bond posting that one legal expert calls 'financial chicanery' (msn.com) James' office filed a notice of exception on Thursday after Trump's attorneys resubmitted a corrected bond. The notice challenges whether underwriter Knight Specialty Insurance is legitimately qualified to assure the bond in the civil fraud judgment against Trump. The filing notes that Knight Specialty Insurance is not a licensed insurer in the state of New York, not meeting a key requirement to post a bond in the state. The financial statement, which was missing in the original bond filing, must also demonstrate that the insurer has at least 10 times the bond amount in surplus capital. In this case, that threshold is $1.75 billion. Knight Specialty Insurance's statement shows $138 million in surplus capital. That is less than the $175 million bond, let alone far less than the amount required by New York law. |
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