New York Attorney General Letitia James is challenging former President Donald Trump again by raising questions about the $175 million bond he posted in his New York civil fraud case.
Trump filed his bond Monday after a New York appeals court lowered the amount from $464 million to $175 million. Now James is questioning the bond, as the insurer that underwrote the bond, California-based Knight Specialty Insurance Company, is not regulated by New York.
James filed a “notice of exception to the sufficiency of the surety” to seek additional information from Trump about the insurance company. The hearing is set for April 22.
The challenge does not harm Trump’s bond but makes it so that the insurance company will need to show proof that they can pay it. According to court filings, Knight Specialty Insurance Company has $539 million in assets, including
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