The New York state Supreme Court’s First Judicial Department Appellate Division has granted a stay of enforcement on the $464 million judgment on former President Donald Trump with conditions, allowing The Trump Organization to avert having assets imminently seized by the New York attorney general.
The order came after defense attorneys argued that a $464 million bond was impossible after having contracted four brokers to negotiate with more than 30 companies. Sureties don’t issue bonds that large for private individuals, and even if The Trump Organization were a public conglomerate they could issue such a bond to, it would require some $570 million in cash to cover additional premiums.
