Judge Rules in Favor of Trump in Fight Over $175 Million Bond
On Monday, a judge rejected Letitia James' attempt to challenge Trump in a dispute over a $175 million bond, ruling in favor of the former president.
Last Friday, James had sought to nullify Trump's bond, arguing that the California-based Knight Specialty Insurance Company was not authorized to operate in New York and questioning its financial capacity to support the bond.
“Based on KSIC’s policyholder surplus in its most recent annual financial statement of $138,441,671, the limitation of loss on any one risk that KSIC is permitted to write is $13.8 million,” Letitia James’ office wrote in a 26-page filing according to Fox News. “The face amount of the bond exceeds this limitation by $161.2 million.”
James also argued in her filing: “KSIC is not qualified to act as the surety und...