Court to rule Wednesday on Trump’s request to post $100 million bond and stay $454 million judgment until his appeal is over

CNN —

A New York appeals court plans to rule Wednesday afternoon on former President Donald Trump’s request to delay his obligation to post $454 million until his appeal of the civil fraud verdict is over.

Trump’s attorneys have offered to post a $100 million bond, about one-fourth owed, to go toward the judgment, saying they can’t access the capital market to raise money because of the ban on obtaining loans.

“The judgment order unprecedented and punitive disgorgement of nearly $460 million and overbroad permanent injunctive relief against Appellants in the absence of legal authority or factual support,” Trump’s attorneys wrote in the filing.

Former President Donald Trump, left, and President Joe Biden.

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The New York attorney general’s office opposes the offer, saying they want the full amount posted. They said in court papers Trump is not barred from obtaining a bond from an insurer. But one of Trump’s lawyers said bonds require cash and that’s the issue.

Trump has less than 30 days to post the money to prevent the New York attorney general’s office from taking steps to execute the judgment, including potentially move to seize properties. It is not yet clear how he plans to cover the payment.

“The urgency of this application is evident in light of the punitive and exorbitant disgorgement awarded against Appellants, the impact of the injunctive relief upon lawful businesses, the uncertainty created by the vague and overbroad directives Supreme Court issued, and the Attorney General’s public threats that she will seize Appellants’ real property forth with to satisfy the Judgment,” Trump’s lawyers said in the new filing.

In addition to