New York Attorney General questions surety company covering Trump's $175 million bond
New York Attorney General Letitia James questions the surety company's capability to cover former President Donald Trump's $175 million bond in a civil fraud judgment case. Knight Specialty Insurance Company underwrote the bond, and a hearing is scheduled to discuss James' objections.
Key Points
- New York Attorney General Letitia James questions Knight Specialty Insurance Company's ability to cover Trump's $175 million bond
- A hearing is scheduled to discuss the objections raised by James
- Trump faces a civil fraud judgment of $464 million with the $175 million bond posted
Pros
- Potential accountability for financial obligations in a legal case
Cons
- Uncertainty about the surety company's financial capability to cover the bond