News@lemmy.worldEnglish • 1 year ago

Trump has been unable to get bond for $464 million judgment, his lawyers say

www.nbcnews.com

cross-posted to:
politics@beehaw.org

691

Trump has been unable to get bond for $464 million judgment, his lawyers say

www.nbcnews.com

News@lemmy.worldEnglish • 1 year ago

cross-posted to:
politics@beehaw.org

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."

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@fine_sandy_bottom@discuss.tchncs.de
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2•1 year ago
Doubtful. That would penalise the banks, which is a no-no, economically speaking.

They can force sale but the banks get first cut.
- @obviouspornalt@lemmynsfw.com
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  1•1 year ago
  Then given how leveraged the properties likely are, a bunch of them will have to be sold to make the 500 mil.

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