re: Appeals Court Cuts bond to 175 Million and extends time to pay(10 Days)

My experience with litigation bonds is that the surety posts the bond in exchange for a premium. The bond is secured by an equal amount of assets.

Reportedly, Trump has $500M liquid (that’s before considering this truth social thing I saw just now). So he could basically hold that aside as security for the bonding co. Litigation bonds are usually 10-15 percent premium. So if he posts security of $175M, his premium would be $17.5 M - $20 M. $200M is half his liquidity. Which I think is fair to say would add to his 8th Amendment / Access to Court arguments he already has based on the size of the bond alone.

If it gets reversed on appeal, Letitita (NY Taxpayers) can be responsible for his litigation costs/costs of appeal, since it’s a “civil” :rolleyes” judgment. So theoretically the state of NY would owe his bond premium back to him. Plus he gets his security (the $175 M) back.

I hope he seizes Letitia’s house for the bond premium in payment for a judgment on a 1983 suit.

Because frick her.