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Trump's $454M judgment bond slashed by more than half in appeals court ruling
Former President Trump said he would 'abide' by the appeals decision
A New York Appeals Court, hours before the deadline to post the $454 million, lowered that bond considerably. The court ordered that Trump post $175 million within 10 days.
Trump said he will "abide" by the appeals decision and post the $175 million bond.
If Trump does post the $175 million by the new deadline, it would effectively block James from attempts to seize Trump's assets as he continues to appeal the judgment by New York Judge Arthur Engoron.
"Judge Engoron has refused to obey the decision of the Appellate Division relative to the Statute of Limitations. This is a confrontation between a Judge and those that rule above him - A very bad situation in which to place New York State and the Rule of Law! Engoron has disrespected the Appellate Division and its very clear and precise ruling," Trump posted on his Truth Social Monday. "He should be made to do so, and at the same time, release the GAG ORDER."
Trump said the appeals ruling Monday is "the 5th time in this case that he has been overturned, a record."
An appeals court overturned Engoron's ruling to allow Trump and his sons to continue running the family business as they appeal the decision.
James initially brought the lawsuit accusing Trump and the Trump Organization of fraudulent business practices. The court proceedings were contentious, with Engoron repeatedly placing Trump under a partial gag order to prevent him from criticizing court staff.
Trump dismissed the trial as a "witch hunt" throughout the process, accusing both Engoron and James of serving as political operatives for Democrats. Trump's legal team also repeatedly blasted the lack of a jury in the trial.
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