New York AG Letitia James asks judge to void Trump's bond in his civil fraud verdict
(NBC News) New York Attorney General Letitia James on Friday asked that a judge void former President Donald Trump's bond in his civil fraud case, questioning whether the company that issued it has the funds to back it up.
In a 26-page filing ahead of a pre-scheduled hearing on Monday, James expressed concern about whether Knight Specialty Insurance Company could secure the $175 million bond. She also argued that the collateral put up by the former president should be under the full control of the company.
One of James' concerns about KSIC is that the insurer "is not authorized to write business in New York and thus not regulated by the states insurance department." She added that the company "had never before written a surety bond in New York or in the prior two years in any other jurisdiction, and has a total policyholder surplus of just $138 million."
https://www.yahoo.com/news/york-ag-letitia-james-asks-233142759.html?.tsrc=daily_mail&uh_test=0_00
Think. Again.
(8,422 posts)...any defending attorney should know that they must have their paperwork in order as legitimate before even filing it with the court.
Posting bonds is not a new thing for attorneys, they know the rules, regulations, guidelines etc. of what is an acceptable bond posting or not, so filing this kind of non-compliant paperwork must be considered a deliberate attempt to interfere with the procedings of the court.
MOMFUDSKI
(5,657 posts)cant trust that day . . .
brush
(53,871 posts)Enougn of the sketchy shenanigans from trump already.