Lawyers for former President Trump are blasting New York Attorney General Letitia James’ "unconstitutional" attempts to block the GOP presumptive nominee’s appeal and force a property sale as the deadline for him to post hundreds of millions of dollars of bond in the case looms.
Trump and his legal team have appealed and requested a stay on his $464 million civil fraud judgment. On Monday, his lawyers said that "ongoing diligent efforts have proven that a bond in the judgment’s full amount is a ‘practical impossibility,’" amid attempts to approach about 30 surety companies.
The lawyers said the "enormous magnitude" of the bond requirement, which effectively requires cash reserves approaching $1 billion, is "unprecedented for a private company."
