A New York judge rejected an attempt by NY AG Letitia James to overturn a $175 million bond judgment obtained by former President Donald Trump in his civil fraud trial.
James argued the bond company, Knight Specialty Insurance, may not be able to pay the full amount if required.
However, the court ruled the bond would stand as cash in a controlled account, not securities.
It ordered Knight to provide monthly financial statements to James.
James had questioned Knight’s adequacy due to its assets and regulatory status, but Trump’s lawyers argued it was sufficiently capitalized.
The ruling comes as Trump’s criminal trial over hush money payments is set to begin.
The civil case stems from James’ allegations that Trump inflated asset values, and he may face the original $454 million judgment if he loses his appeal.
