Court agrees to block collection of Trump's $454 million civil fraud judgment if he puts up $175M
Court agrees to block collection of Trump's $454 million civil fraud judgment if he puts up $175M
If former President Donald Trump posts the money, it will prevent the state from seizing his assets while he appeals.
A New York appeals court on Monday agreed to hold off collection of former President Donald Trump’s $454 million civil fraud judgment — if he puts up $175 million within 10 days.
If he does, it will stop the clock on collection and prevent the state from seizing his assets while he appeals.
Delay. Delay. Delay.
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Asking the Court to Stop Enforcement of the Judgment: Filing a Notice of Appeal does not stop or stay the winning side from taking steps to collect or enforce the judgment from the lower court. To put the collection on hold, you may have to ask the court for a stay. You may have to pay an amount of money equal to the judgment amount, called an undertaking, to the court while the appeal is being decided.
IANAL, but does that may put this within the courts abilities?
The court judge ruled that he did need to pay the amount while the appeal is being decided. Not sure where the pay a portion came from other than the appealate court's ass.
Which is why I went to look for an answer, because I was under the impression the Appellate Court couldn't alter his judgement amount for appeal. That would need to be approved by only the Judge deciding the judgement. And that judge so no.
And the appellate court website states:
To put the collection on hold, you may have to ask the court for a stay.
So which court is that referencing?