NEW YORK (AP) — New York state lawyers and an attorney for former President Donald Trump settled their differences Monday over a $175 million bond that Trump posted to block a large civil fraud judgment while he pursues appeals.
The agreement 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 $175 million in a cash account that will gain interest but faces no downside risk. The account so far has grown by over $700,000.
The bond stops the state from potentially seizing Trump’s assets to satisfy the more than $454 million that he owes after losing a court case brought by the Democratic attorney general. She had alleged that Trump, along with his company and key executives, defrauded bankers and insurers by lying about his wealth.
Nadal returns to Roland Garros to practice amid doubts over fitness and form
Pictured: The remarkable floating 'capsule resort' in Thailand that you can only reach by boat
King Charles openness about cancer has helped him connect with people
Juro Kara, rebel playwright behind Japan's modern underground theater, dies at 84
‘The Blue Angels,’ filmed for IMAX, puts viewers in the ‘box’ with the elite flying squad
Russell Brand says he's been baptised in the Thames. But why will no church admit doing it?
Tim McGraw is 57! Wife Faith Hill shares hilarious Yellowstone
Rio de Janeiro set for Madonna’s massive Copacabana beach concert that will be her biggest ever
Kristin Cavallari, 37, ignores critics of her age
Luciano Acosta scores for 3rd consecutive game, Cincinnati beats Orlando City 1
Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
Legendary golf commentator and former Ryder Cup star Peter Oosterhuis dies aged 75