Trump's $175 million bond in New York civil fraud judgment case is settled with cash promise
New York state lawyers and an attorney for former President Donald Trump have settled their differences over a $175 million bond that Trump posted to block the collection of a large civil fraud judgment while he pursues appeals. The agreement reached Monday cut short a potential day-long court hearing in Manhattan that was to feature witnesses. As part of a deal struck during a 20-minute recess, lawyers for Trump and Knight Specialty Insurance Company agreed to keep the money in a cash account that will gain interest but faces no downside risk. That satisfied lawyers for state Attorney General Letitia James.